# The Finance Act, 2001, Section 37: Amendment of section 80D

- Act: The Finance Act, 2001
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2001/section/37/

## Text

Amendment of section 80D. 37. In section 80D of the Income-tax Act, in sub-section (2), for the proviso, the following proviso shall be substituted with effect from the 1st day of April, 2002, namely:— "Provided that such insurance shall be in accordance with a scheme framed in this behalf by— (a) the General Insurance Corporation of India formed under section 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972) and approved by the Central Government in this behalf; or (b) any other insurer and approved by the Insurance Regula­tory and Development Authority established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authori­ty Act, 1999 (41 of 1999).". © Copyright. Taxmann Publications Pvt. Ltd.

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