Amendment of section 80C

Section 6 of the Finance Act, 1969 deals with amendment of section 80C. Amendment of section 80C 6. In section 80C of the Income-tax Act,— (a) in sub-section (2),— (i) in clause (a), for the words "on the life of the wife or husband of the assessee", wherever they occur, the words "on the life of the wife or husband or any child of the assessee" shall be substituted wit The Act was enacted on 13 May 1969.

Amendment of section 80C

6. In section 80C of the Income-tax Act,—

(a) in sub-section (2),—

(i) in clause (a), for the words "on the life of the wife or husband of the assessee", wherever they occur, the words "on the life of the wife or husband or any child of the assessee" shall be substituted with effect from the 1st day of April, 1970;

(ii) in clause (b), for the words "on the life of any male member of the family or of the wife of any such member", the words "on the life of any member of the family" shall be substituted with effect from the 1st day of April, 1070;

(iii) in the Explanation at the end of clause (b), in clause (ii), the brackets and words "(being the assessee, or a male member of a Hindu undivided family where such family is the assessee) "shall be omitted with effect from the 1st day of April,1970;

(b) in sub-section (4),—

(i) in clause (i), the proviso shall be omitted;

(ii) in clause (ii), the brackets, words and letter "[including an author, playwright artist, musician or actor, to whom the provisions of clause (i) do not apply]," shall be omitted,

[Finance Act, 1969]

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Section 6, The Finance Act, 1969 (Act 14 of 1969).