https://www.taxtmi.com/acts?id=46152 Amendment to Section 80-C adds clause (g) allowing an association of persons or body of individuals consisting only of husband and wife under the community of property system in specified Union territories to deduct sums paid from its taxable income for life insurance on members or their children, deferred annuity contracts (including options for cash payment), contributions to specified provident funds, and deposits in 10-year or 15-year Post Office Savings Bank cumulative time deposit accounts; sub-section (3) is amended to include clause (g) and sub-section (4) adds a deduction limit of thirty per cent of gross total income or fifteen thousand rupees, whichever is less. en-us Thu, 12 Dec 2024 17:41:01 +0530 Thu, 12 Dec 2024 17:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46152 Amendment to Section 80-C adds clause (g) allowing an association of persons or body of individuals consisting only of husband and wife under the community of property system in specified Union territories to deduct sums paid from its taxable income for life insurance on members or their children, deferred annuity contracts (including options for cash payment), contributions to specified provident funds, and deposits in 10-year or 15-year Post Office Savings Bank cumulative time deposit accounts; sub-section (3) is amended to include clause (g) and sub-section (4) adds a deduction limit of thirty per cent of gross total income or fifteen thousand rupees, whichever is less. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 17:41:01 +0530 https://www.taxtmi.com/acts?id=46152