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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Notification Recognizes Eligible Tax Benefit Schemes Under Section 80L of Income-tax Act, 1961</h1> The Central Government has issued Notification No. S.O.2879, dated September 1, 1970, under Section 80L of the Income-tax Act, 1961. This notification, amended by the Finance Act, 1970, recognizes specific schemes eligible for tax benefits. The schemes include the Post Office (Time Deposits) governed by the Post Office (Time Deposits) Rules, 1970, and the Post Office (Recurring Deposits) governed by the Post Office (Recurring Deposits) Rules, 1970. The notification will take effect from April 1, 1971.
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