Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc. https://www.taxtmi.com/acts?id=4285 Deduction permits individuals and HUFs to deduct payments for life insurance, deferred annuity, provident and superannuation funds, specified government securities and deposit schemes, unit-linked insurance plans, mutual fund units, pension and housing-related contributions, subject to an overall monetary limit. The provision sets proportionality limits on insurance premiums relative to capital sum assured, prescribes eligible persons and naming requirements, and provides recapture rules treating previously allowed deductions as income where contracts are terminated early, deposits withdrawn prematurely, or assets transferred within specified holding periods. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:10:25 +0530 TaxTMI RSS Generator Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc. https://www.taxtmi.com/acts?id=4285 Deduction permits individuals and HUFs to deduct payments for life insurance, deferred annuity, provident and superannuation funds, specified government securities and deposit schemes, unit-linked insurance plans, mutual fund units, pension and housing-related contributions, subject to an overall monetary limit. The provision sets proportionality limits on insurance premiums relative to capital sum assured, prescribes eligible persons and naming requirements, and provides recapture rules treating previously allowed deductions as income where contracts are terminated early, deposits withdrawn prematurely, or assets transferred within specified holding periods. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4285