The Central Board of Direct Taxes (CBDT) vide its Notification No 134/2021 [S.O. 5056(E)] dated 06th December 2021 notify the Jeevan Akshay-VII Plan of the Life Insurance Corporation of India for claiming deduction under section 80C of the Income Tax Act, 1961 for the assessment year 2021-22 onwards.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 6th December, 2021
INCOME–TAX
S.O. 5056(E).—In exercise of the powers conferred by clause (xii) of sub-section (2) of Section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Jeevan Akshay-VII Plan of the Life Insurance Corporation of India, as filed by that Corporation with the Insurance Regulatory and Development Authority, as the annuity plan of the Life Insurance Corporation of India for the purposes of the said clause for the assessment year 2021-22 and subsequent years.
[Notification No. 134/2021/F. No. 178/4/2021-ITA-I] SOURABH JAIN, Under Secy. (ITA-I)
