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TMI BlogDeduction in respect of deposits under National Savings Scheme or payment to a deferred annuity planX X X X Extracts X X X X X X X X Extracts X X X X ..... Hindu undivided family, 2 [ * * * ] ( c ) 3 [ * * * ] has in the previous year- ( i ) deposited any amount in accordance with such scheme as the Central Government may, by notification in the Official Gazette, specify in this behalf 4 [ * * * ] ; or ( ii ) paid any amount to effect or to keep in force a contract for such annuity plan of the Life Insurance Corporation as the Cen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... April, 1991 and subsequent assessment years, this sub-section shall have effect as if for the words twenty thousand rupees , the words forty thousand rupees had been substituted: ] 6 [Provided further that no deduction under this sub-section shall be allowed in relation to any amount deposited or paid under clauses ( i ) and ( ii ) on or after the 1st day of April, 1992. ] (2) Where ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ious year : 8 [Provided that nothing contained in this sub-section shall apply to any amount received by the assessee on account of the surrender of the policy in accordance with the terms of the annuity plan of the Life Insurance Corporation where the assessee elects to surrender before the 1st day of October, 1992, the said annuity plan in respect of which he had paid any amount under clau ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on, Life Insurance Corporation shall have the same meaning as in clause ( a ) of sub-section (8) of section 80C .] -------------------------------------- Notes :- 1. Substituted by the Finance Act, 1988, w.e.f. 1-4-1988. Original section 80CCA was inserted by the Finance Act, 1987, w.e.f. 1-4-1988. 2 . Word or omitted by the Finance Act, 1994, w.r.e.f. 1-4-19 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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