TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Chapter XXIIA of Income-tax Act: Annuity Deposit Rules for Individuals, Families, and Firms Explained with Penalties for Non-compliance.</h1> The Finance Act, 1964, introduces Chapter XXIIA to the Income-tax Act, establishing provisions for annuity deposits applicable to individuals, Hindu undivided families, unregistered firms, associations, and artificial juridical persons. The chapter outlines requirements for making annuity deposits, including definitions, computation methods, and repayment terms. Depositors must make advance deposits based on adjusted total income, with specific provisions for self-assessment, provisional assessment, and special cases like authors and gratuity recipients. Penalties apply for non-compliance, and an Annuity Deposit Scheme governs deposit procedures. Depositors can opt out, with conditions, affecting their tax liabilities.
TaxTMI 
TaxTMI 
