Amendment of Chapter VIA

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..... (a), for the word or occurring at the end, the words notwithstanding that such contract contains a provision for the exercise by the insured of an option to receive a cash payment in lieu of the payment of the annuity; or shall be substituted; (ii) after clause (b), the following Explanation shall be inserted, namely:- Explanation.-For the purposes of sub-clause (i) of clause (a) and or clause (b) .....

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..... live on a date (after such adoption) specified in the policy in this behalf; ; (c) after section 80D, the following sub-heading and section shall be inserted, namely:- B.-Other deductions 80E. Deduction in respect of profits and gains from specified industries in the case of certain companies.- (1) In the case of a company to which this section applies, where the total income (as computed in accor .....

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..... ause (b), if such Indian or other company is a company referred to in section 108 and its total income as computed before applying the provisions of sub-section (1) does not exceed twenty-five thousand rupees. . - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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