Amendment of section 80C.

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..... cy, other than a contract for a deferred annuity, issued on or before the 31st day of March, 2012, shall be substituted; (ii) after sub-section (3), the following shall be inserted, namely: (3A) The provisions of sub-section (2) shall apply only to so much of any premium or other payment made on an insurance policy, other than a contract for a deferred annuity, issued .....

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..... annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc. The existing provisions of sub-section (3) of the aforesaid section 80C provide that sub-section (2) shall apply only to so much of any premium or other payment made on an insurance policy other than a contract for a deferred annuity as is not in excess of twenty per cent. of the actual capital .....

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