Annuity deposit requirement for persons under Chapter XXIIA to pay at prescribed rates; statutory definitions supplied. Annuity deposit obligations require persons to whom Chapter XXIIA applies to make annuity deposits for the assessment year and financial year commencing 1 ... Summary
Annuity deposit requirement for persons under Chapter XXIIA to pay at prescribed rates; statutory definitions supplied.
Annuity deposit obligations require persons to whom Chapter XXIIA applies to make annuity deposits for the assessment year and financial year commencing 1 April 1967 at the rates specified in the Second Schedule to the Finance Act, 1966, except as otherwise provided in Chapter XXIIA. The expressions adjusted total income, annuity deposit and depositor bear the meanings assigned under the specified clauses of section 280B of the Income-tax Act, 1961.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.