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Section 80C(2)(xi) of the Income-tax Act, 1961 specifies the ULIP of LIC Mutual Fund for the A.Y. 2006-07 and subsequent assessment years - 224/2005 - Income TaxExtract Section 80C(2)(xi) of the Income-tax Act, 1961 specifies the ULIP of LIC Mutual Fund for the A.Y. 2006-07 and subsequent assessment years Notification No. 224/2005, dated 3-11-2005 In exercise of the powers conferred by clause (xi) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Unit Linked Insurance Plan (formerly known as Dhanraksha-1989) of the Life Insurance Corporation Mutual Fund for the purposes of the said clause for the assessment year 2006-07 and subsequent assessment years. F.No.142/39/2005-TPL
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