Section(s) Referred: 80CCA ,80CCA(1) ,80CCA(1)(ii)
Statute: INCOME TAX
Date of Issue: 6/9/1988
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80CCA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “Jeevan Dhara” and “Jeevan Akshay” plans of the Life Insurance Corporation of India, as filed by that Corporation with the Controller of Insurance under sub-section (1) of section 40B of the Insurance Act, 1938, read with rule 17C of the Insurance Rules, 1939, and section 26, read with sub-section (2) of section 3, of the said Insurance Act, 1938, respectively, as the annuity plans of that Corporation for the purposes of section 80CCA.
(Sd.) N.C. Jain Joint Secretary to the Govt. of India [No. 8100/F. No. 142/20/88-TPL