Chance of Insurance deduction and exemption reduced

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Chance of Insurance deduction and exemption reducedThe tax benefits on life insurance polices , in form of exemption and insurance deduction u/s 80C -have been reduced considerably by the Finance Bill 2012-13 by proposing amendment in section 10(10D) and section 80C(3) of the Income Tax Act effective  from 01/04 /2012 . Readers must be aware…