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    <title>Deductions in respect of Life Insurance Corporation of India - purpose of section 80C(2)(xii)</title>
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    <description>The Central Government, under clause (xii) of sub-section (2) of section 80C of the Income-tax Act, specifies the Jeevan Akshay-VI annuity plan as the qualifying annuity plan of the Life Insurance Corporation of India for assessment year 2008-09 and subsequent years, thereby making that plan eligible for deduction under the cited provision.</description>
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