TMI BlogDeduction in respect of contribution to certain pension fundsX X X X Extracts X X X X X X X X Extracts X X X X ..... eep in force a contract for any annuity plan of Life Insurance Corporation of India 2 [ or any other insurer ] for receiving pension from the fund referred to in clause ( 23AAB ) of section 10, he shall, in accordance with, and subject to, the provisions of this section, be allowed a deduction in the computation of his total income, of the whole of the amount paid or deposited (excluding intere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, as the case may be, in that previous year in which such withdrawal is made or, as the case may be, pension is received, and shall accordingly be chargeable to tax as income of that previous year. 4 [ (3) Where any amount paid or deposited by the assessee has been taken into account for the purposes of this section,- 6 [ **** ] ( b ) a deduction with reference to such amount shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e it was read as, 3 [ one lakh rupees ] 6. Omitted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, ( a ) a rebate with reference to such amount shall not be allowed under section 88 for any assessment year ending before the 1st day of April, 2006; - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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