https://www.taxtmi.com/article/detailed?id=1658 Life insurance exemption is restricted for policies issued after 1 April 2012 by capping premium relative to the actual capital sum assured, defined to exclude return premiums and bonus-like amounts; VCF/VCC exemption is extended without sector restrictions; charitable organisations lose exemption when receipts from business exceed the statutory threshold; foreign company income from crude sales in Indian currency is excluded from total income subject to conditions; Chapter VIA changes adjust deductions for savings interest, cash donation limits, preventive health checks and lower the senior-citizen age for health-related deductions. en-us Mon, 19 Mar 2012 18:28:41 +0530 Mon, 19 Mar 2012 18:28:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1658 Life insurance exemption is restricted for policies issued after 1 April 2012 by capping premium relative to the actual capital sum assured, defined to exclude return premiums and bonus-like amounts; VCF/VCC exemption is extended without sector restrictions; charitable organisations lose exemption when receipts from business exceed the statutory threshold; foreign company income from crude sales in Indian currency is excluded from total income subject to conditions; Chapter VIA changes adjust deductions for savings interest, cash donation limits, preventive health checks and lower the senior-citizen age for health-related deductions. Articles Income Tax Mon, 19 Mar 2012 18:28:41 +0530 https://www.taxtmi.com/article/detailed?id=1658