Definitions under Depositories Act clarify depository relationship terminology affecting application of provisions referenced in income tax law. Section 2(1)(a), (e) and (l) of the Depositories Act, 1996 set out statutory definitions addressing depository relationships and related concepts; these ... Summary
Definitions under Depositories Act clarify depository relationship terminology affecting application of provisions referenced in income tax law.
Section 2(1)(a), (e) and (l) of the Depositories Act, 1996 set out statutory definitions addressing depository relationships and related concepts; these reproduced provisions are included among remaining allied Act texts referenced in the Income tax Act, 1961 to align terminology and ensure consistent application of terms used in tax provisions.
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