Special Frontier Force Group Insurance Scheme-Allowability of relief under section 80C(2)(a)(i) of the Income-tax Act, 1961

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ary 1, 1980, an insurance scheme called the "Special Frontier Force Group Insurance Scheme" for the welfare of employees. The objective of the scheme is to provide, at a low cost and on a wholly contributory and self-financing basis, the benefits of an insurance cover for the families of the employees in the event of their death while in service and a lump sum payment to the employees on their ret....