Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Accumulation Period Reduced from Ten to Five Years Under Section 11 of Income-tax Act, Effective April 1, 2002.</h1> Section 11 of the Income-tax Act is amended to change the period for which income can be accumulated or set apart. Effective from April 1, 2002, for income accumulated on or after April 1, 2001, the permissible duration is reduced from ten years to five years. This amendment impacts the treatment of accumulated income under the specified sub-section of the Act.