Age limit reduction to sixty five alters commencement and applicability of compulsory deposit obligations under the amended scheme. Amendments to the Compulsory Deposit Scheme Act postpone section 3(1) to 1 April 1986, reduce the upper age limit in section 3(3) to sixty five years effective 1 June 1983, and modify section 4(1)(iv) to apply to every subsequent assessment year except those commencing on or after 1 April 1986. Sections 4(3) and 6(2) insert references to clause (c) of section 115C effective 1 June 1983. Section 8(1A) is rewritten to set commencement dates for individuals who attained sixty five before 1 April 1983 and for those who attain it thereafter.
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.
Age limit reduction to sixty five alters commencement and applicability of compulsory deposit obligations under the amended scheme.
Amendments to the Compulsory Deposit Scheme Act postpone section 3(1) to 1 April 1986, reduce the upper age limit in section 3(3) to sixty five years effective 1 June 1983, and modify section 4(1)(iv) to apply to every subsequent assessment year except those commencing on or after 1 April 1986. Sections 4(3) and 6(2) insert references to clause (c) of section 115C effective 1 June 1983. Section 8(1A) is rewritten to set commencement dates for individuals who attained sixty five before 1 April 1983 and for those who attain it thereafter.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.