Annuity deposit requirement mandates deposits at prescribed rates for persons under the relevant chapter, per statutory definitions. Every person to whom the relevant chapter of the Income-tax Act applies must make an annuity deposit for the assessment year beginning 1 April 1967 and for deposits during the corresponding financial year at the rates specified in the Second Schedule; the terms 'adjusted total income', 'annuity deposit' and 'depositor' are defined by reference to the statutory definitions in section 280B.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Annuity deposit requirement mandates deposits at prescribed rates for persons under the relevant chapter, per statutory definitions.
Every person to whom the relevant chapter of the Income-tax Act applies must make an annuity deposit for the assessment year beginning 1 April 1967 and for deposits during the corresponding financial year at the rates specified in the Second Schedule; the terms "adjusted total income", "annuity deposit" and "depositor" are defined by reference to the statutory definitions in section 280B.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.