The Central Government specified the New Jeevan Dhara and New Jeevan Akshay Plans of the Life Insurance Corporation of India - 071/2002 - Income Tax Act, 1961
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Specification of annuity plans: New Jeevan Dhara and New Jeevan Akshay classified as annuity plans under income-tax law. The Central Government specified New Jeevan Dhara and New Jeevan Akshay of the Life Insurance Corporation of India as annuity plans for the purposes of clause (xiiia) of Section 88 of the Income-tax Act, based on the plans filed by the Corporation with the Controller of Insurance under the Insurance Act and applicable insurance rules, and declared the specification effective from the first day of February, 2002.
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Provisions expressly mentioned in the judgment/order text.
Specification of annuity plans: New Jeevan Dhara and New Jeevan Akshay classified as annuity plans under income-tax law.
The Central Government specified New Jeevan Dhara and New Jeevan Akshay of the Life Insurance Corporation of India as annuity plans for the purposes of clause (xiiia) of Section 88 of the Income-tax Act, based on the plans filed by the Corporation with the Controller of Insurance under the Insurance Act and applicable insurance rules, and declared the specification effective from the first day of February, 2002.
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