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of <h1>Schedule XV lists deductible payments under section 123, defining life-insurance, annuities, provident funds, tuition, housing, and capital subscriptions</h1> Schedule XV enumerates payments deductible under section 123, covering life-insurance premia (with percentage caps linked to issue dates and disability), deferred annuities, provident/superannuation contributions, specified deposits, tuition for two children, housing purchase/construction costs (subject to limits), and certain capital-issue subscriptions, with recapture rules on surrender, early withdrawal, or sale. Key differences between the Act and the Bill are cross-references defining 'security' and 'eligible issue of capital' and minor drafting variants; those cross-reference changes can alter which instruments qualify and create interpretive uncertainty pending implementing notifications and rules.
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