https://www.taxtmi.com/acts?id=4287 Section 80CCA allows individuals and Hindu undivided families to deduct amounts deposited in Central Government notified savings schemes or paid for specified deferred annuity plans of the Life Insurance Corporation, excluding interest or bonus and subject to the statutory cap and temporal provisos. Amounts withdrawn, surrendered, or received as annuity or bonus for which a deduction was allowed are treated as the assessee's income in the year of receipt and are taxable, subject to limited exceptions and recent amendments exempting certain individual withdrawals. Interest on such deposits is chargeable only as provided by the withdrawal rule. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4287 Section 80CCA allows individuals and Hindu undivided families to deduct amounts deposited in Central Government notified savings schemes or paid for specified deferred annuity plans of the Life Insurance Corporation, excluding interest or bonus and subject to the statutory cap and temporal provisos. Amounts withdrawn, surrendered, or received as annuity or bonus for which a deduction was allowed are treated as the assessee's income in the year of receipt and are taxable, subject to limited exceptions and recent amendments exempting certain individual withdrawals. Interest on such deposits is chargeable only as provided by the withdrawal rule. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4287