Deduction under income-tax law: specified annuity plan qualifies for deduction for subsequent assessment years by notification. The Central Government, under clause (xii) of sub-section (2) of section 80C of the Income-tax Act, specifies the Jeevan Akshay-VI annuity plan as the qualifying annuity plan of the Life Insurance Corporation of India for assessment year 2008-09 and subsequent years, thereby making that plan eligible for deduction under the cited provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction under income-tax law: specified annuity plan qualifies for deduction for subsequent assessment years by notification.
The Central Government, under clause (xii) of sub-section (2) of section 80C of the Income-tax Act, specifies the Jeevan Akshay-VI annuity plan as the qualifying annuity plan of the Life Insurance Corporation of India for assessment year 2008-09 and subsequent years, thereby making that plan eligible for deduction under the cited provision.
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