Compulsory Deposit Scheme amendment delays commencement and narrows applicability for subsequent assessment years under statutory amendment. Amendment substitutes a later commencement date in section 3 of the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974, delaying effect of that ... Summary
Compulsory Deposit Scheme amendment delays commencement and narrows applicability for subsequent assessment years under statutory amendment.
Amendment substitutes a later commencement date in section 3 of the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974, delaying effect of that provision, and revises section 4(1)(iii) to state that the clause applies on the original specified date and every subsequent assessment year except assessment years commencing on or after the substituted commencement date.
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