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CBDT notifies Annuity Plans of TATA and ICICI U/s. 80C(2)(xii)

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Section 80C of the Income-tax Act, 1961 – Deductions – In respect of insurance premium, etc. – Notified plan under section 80C(2)(xii)

Notification No. 80/2010[F.No.178/04/2009-ITA-1], dated 19-10-2010

In exercise of powers conferred by clause (xii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Tata AIG Easy Retire Annuity Plan of the Tata AIG Life Insurance Company Limited, as approved by Insurance Regulatory and Development Authority vide its letter dated 23rd November, 2007, as the annuity plan of the ICICI Prudential Life Insurance Company Limited for the purposes of the said clause (xii).

2. This notification shall come into force from the date of its publication in the Official Gazette.

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