https://www.taxtmi.com/acts?id=47327 Amendments retitle Chapter VIII as Rebates and Reliefs and insert sections allowing rebates as deductions from income-tax under sections 88 and 88A. Section 88 grants a twenty per cent rebate of specified contributions and payments (life insurance, deferred annuity, provident and superannuation contributions, government savings instruments, unit linked plans, and certain house purchase payments) subject to premium and aggregate limits, prescribed qualifying persons, exclusions, overall deduction ceilings and clawback on termination, lapse or early transfer. Section 88A grants a twenty per cent rebate for investment in eligible equity shares or specified mutual fund/unit trust units subject to cost caps, subscription and issue conditions, acquisition restraints and a three year clawback. en-us Sat, 11 Jan 2025 11:09:22 +0530 Sat, 11 Jan 2025 11:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47327 Amendments retitle Chapter VIII as Rebates and Reliefs and insert sections allowing rebates as deductions from income-tax under sections 88 and 88A. Section 88 grants a twenty per cent rebate of specified contributions and payments (life insurance, deferred annuity, provident and superannuation contributions, government savings instruments, unit linked plans, and certain house purchase payments) subject to premium and aggregate limits, prescribed qualifying persons, exclusions, overall deduction ceilings and clawback on termination, lapse or early transfer. Section 88A grants a twenty per cent rebate for investment in eligible equity shares or specified mutual fund/unit trust units subject to cost caps, subscription and issue conditions, acquisition restraints and a three year clawback. Act-Rules F. Acts / Amendment Acts Sat, 11 Jan 2025 11:09:22 +0530 https://www.taxtmi.com/acts?id=47327