Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to exempt life insurance services under ‘Pradhan Mantri Vaya Vandana Yojana’.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION

New Delhi, the 4th May, 2017
No. 17/2017-Service Tax

G.S.R (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.25/2012-Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 467 (E), dated the 20th June, 2012, namely:-

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1. In the said notification, in entry 26A, after item (f), the following item shall be inserted, namely-

“(g) Pradhan Mantri Vaya Vandana Yojana;”.

[F. No.354/75/2017 -TRU]

(Mohit Tewari)

Under Secretary to the Government of India

Note:-The principal notification was published in the Gazette of India, Extraordinary, by notification No. 25/2012 – Service Tax, dated the 20th June, 2012, vide number G.S.R. 467 (E), dated the 20th June, 2012 and last amended vide notification No. 10/2017 – Service Tax, dated the 8th March, 2017 vide number G.S.R. 204(E), dated the 8th March, 2017.

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Posted Under

Category : Service Tax (3285)
Type : Notifications (15267) Notifications/Circulars (30265)

5 responses to “Tax Exemption on ‘Pradhan Mantri Vaya Vandana Yojana’ Services”

  1. GOPINATH says:

    Is vayavandana scheme of central govt. benefit to the pensioners with tax exemption? both for pension amount received and investment made? if so undet what section?
    reply please.

  2. R.K.MAKHARIA says:

    Sir, WHETHER THE INVESTMENT OF FUNDS IN I.TAX U/S 80(c) OF I.TAX ACT,THIS PLAN IS EXEMPTED? SCHEME NOTIFIED BY GOVT.?R.K.MAKHARIA

  3. bhalan says:

    not clear
    is the pension amount in the hands of pensioner taxable

  4. pankaj dutia says:

    Would the pension under the LIC Plan 842 – Pradhan Mantri Vaya Vandana Yojana;” be exempt from Income tax?

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