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Section 12 - Amendment of section 80C. - Finance Act, 2013Extract Amendment of section 80C. 12. In section 80C of the Income-tax Act, in sub-section (3A), before the Explanation, the following proviso shall be inserted with effect from the 1st day of April, 2014, namely: Provided that where the policy, issued on or after the 1st day of April, 2013, is for insurance on life of any person, who is (a) a person with disability or a person with severe disability as referred to in section 80U, or (b) suffering from disease or ailment as specified in the rules made under section 80DDB, the provisions of this sub-section shall have effect as if for the words ten per cent , the words fifteen per cent had been substituted. .
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