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Central Government specified the Jeevan Akshay-VII Plan of LIC as the annuity plan for the purpose of deduction u/s 80C of Income Tax Act

Prakhar Softech Services Ltd.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION NO. 134/2021

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.

[F. No. 178/4/2021-ITA-I]

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