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    <title>Amendment of section 80C</title>
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    <description>Amendments expand qualifying deductions under section 80C by excluding certain annuity plans, adding specified unit linked insurance plans of LIC Mutual Fund notified by the Central Government, and permitting deductions for subscriptions to notified government savings certificates. Territorial references for Goa and certain Union territories are revised, and a provision (deemed effective 1 April 1984) allows taxpayers governed by community of property in those territories to deduct subscriptions to National Savings Certificates (VI and VII Issues). Cross references and explanatory language are updated to refer uniformly to any unit linked insurance plan in the new sub clauses.</description>
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    <pubDate>Thu, 17 Apr 2025 16:51:37 +0530</pubDate>
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      <title>Amendment of section 80C</title>
      <link>https://www.taxtmi.com/acts?id=50960</link>
      <description>Amendments expand qualifying deductions under section 80C by excluding certain annuity plans, adding specified unit linked insurance plans of LIC Mutual Fund notified by the Central Government, and permitting deductions for subscriptions to notified government savings certificates. Territorial references for Goa and certain Union territories are revised, and a provision (deemed effective 1 April 1984) allows taxpayers governed by community of property in those territories to deduct subscriptions to National Savings Certificates (VI and VII Issues). Cross references and explanatory language are updated to refer uniformly to any unit linked insurance plan in the new sub clauses.</description>
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      <pubDate>Thu, 17 Apr 2025 16:51:37 +0530</pubDate>
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