Section 35A(4)(c) in Life Insurance Corporation of India (Staff) Regulations, 1960
(c)[ any other asset inherited, owned or similarly accepted or acquired by him or held in his name or in the name of any member of his family, where value of such asset as on date of submission of the return exceeds two months' basic pay of the employee; and.] [Substituted 'other movable property inherited, owned or similarly accepted or acquired by him or held in his name or in the name of any member of his family, where value of such property as on the date of submission of the return exceeds Rs. 10,000/-; and' by Notification No. G.S.R. 282 (E), dated 23.3.2017 (w.e.f. 1.7.1960).]