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    <title>A short note on section 80CCC of Income Tax Act 1961</title>
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    <description>Section 80CCC permits an individual to claim a deduction for contributions to annuity contracts or pension plans with life insurers, provided contributions are paid from income chargeable to tax; such contributions are subject to aggregation with related personal deductions under an overall ceiling, and any pension or surrender proceeds (including interest or bonus) relating to amounts for which deduction was claimed must be included in the recipient&#039;s total taxable income when received.</description>
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    <pubDate>Fri, 06 May 2011 07:36:25 +0530</pubDate>
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      <description>Section 80CCC permits an individual to claim a deduction for contributions to annuity contracts or pension plans with life insurers, provided contributions are paid from income chargeable to tax; such contributions are subject to aggregation with related personal deductions under an overall ceiling, and any pension or surrender proceeds (including interest or bonus) relating to amounts for which deduction was claimed must be included in the recipient&#039;s total taxable income when received.</description>
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