Amendment of Chapter VIA

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....2)- (i) in sub-clause (ii) of clause (a), for the word "or" occurring at the end, the words "notwithstanding that such contract contains a provision for the exercise by the insured of an option to receive a cash payment in lieu of the payment of the annuity; or" shall be substituted; (ii) after clause (b), the following Explanation shall be inserted, namely:- "Explanatio....

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....ority, to secure an insurance on his own life by adopting the policy and on his being alive on a date (after such adoption) specified in the policy in this behalf;"; (c) after section 80D, the following sub-heading and section shall be inserted, namely:- "B.-Other deductions 80E. Deduction in respect of profits and gains from specified industries in the case of certain c....