Eligibility conditions for exempt life insurance policies under the existing provisions contained in section 10 (10D) and 80C of Income Tax (premium payable per annum shall not exceed 20% of sum assured ) would prevail for policies taken before 31.03.2012, am I right ?
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Eligibililty for exempt life insurance policies u.s.10(10d)
Replies (2)
Yes, the amendment is applicable for policies issued on or after 1.04.2012.
Yes, the amendment is applicable for policies issued on or after 1.04.2012
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