Section 80C(2)(xii) of the Income-tax Act, 1961 Specifies the plans of LIC of India for the A.Y. 2006-07 and subsequent assessment years - 225/2005 - Income Tax

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Annuity plan specification under section 80C designates specified LIC annuity plans as eligible for tax consideration from the stated assessment year. The Central Government, under clause (xii) of sub-section (2) of section 80C, notifies that New Jeevan Dhara, New Jeevan Dhara-I, New Jeevan Akshay, New Jeevan Akshay-I and New Jeevan Akshay-II, as filed with the insurance regulator, are the annuity plans of the Life Insurance Corporation to be treated as annuity plans for the purposes of the clause for assessment year 2006-07 and subsequent assessment years.

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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.

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Annuity plan specification under section 80C designates specified LIC annuity plans as eligible for tax consideration from the stated assessment year.

The Central Government, under clause (xii) of sub-section (2) of section 80C, notifies that New Jeevan Dhara, New Jeevan Dhara-I, New Jeevan Akshay, New Jeevan Akshay-I and New Jeevan Akshay-II, as filed with the insurance regulator, are the annuity plans of the Life Insurance Corporation to be treated as annuity plans for the purposes of the clause for assessment year 2006-07 and subsequent assessment years.

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Section 80C(2)(xii) of the Income-tax Act, 1961 Specifies the plans of LIC of India for the A.Y. 2006-07 and subsequent assessment years - 225/2005 - Income Tax

Annuity plan specification under section 80C designates specified LIC annuity plans as eligible for tax consideration from the stated assessment year.

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Section 80C(2)(xii) of the Income-tax Act, 1961 Specifies the plans of LIC of India for the A.Y. 2006-07 and subsequent assessment years - 225/2005 - Income Tax

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Annuity plan specification under section 80C designates specified LIC annuity plans as eligible for tax consideration from the stated assessment year.

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