Amendment of section 80D

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Full Text of the Document

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....m the 1st day of April, 2011. - Clause 25 of the Bill seeks to amend section 80D of the Income tax Act, relating to deduction in respect of health insurance premia. Under the existing provisions contained in clause (a) of subsection (2) of the aforesaid section 80D, the whole of the amount paid by any mode, other than cash, in the previous year out of the income of the assessee, being an indiv....