Annuity deposit inclusion expands tax scope under section 156, clarifying that such deposits fall within taxable sums. An amendment inserts the phrase '(including annuity deposit referred to in Chapter XXIIA)' after 'any other sum' in section 156 of the Income-tax Act, thereby expanding the class of taxable sums to include annuity deposits and linking their treatment to Chapter XXIIA.
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Annuity deposit inclusion expands tax scope under section 156, clarifying that such deposits fall within taxable sums.
An amendment inserts the phrase "(including annuity deposit referred to in Chapter XXIIA)" after "any other sum" in section 156 of the Income-tax Act, thereby expanding the class of taxable sums to include annuity deposits and linking their treatment to Chapter XXIIA.
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