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        Case ID :
        Income Tax

        Notifies that annuity deposits made or recovered during the year 1970-71 shall bear interest at the rate of 4 1/4 per cent. (approximately) per annum u/s 280D - G.S.R.825 - Income Tax Act, 1961

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        Annuity deposit interest rate notified under section 280D, fixing the applicable annual interest for 1970-71 deposits. The Central Government, in exercise of powers under the Income-tax Act, 1961, notifies that annuity deposits made or recovered during the specified year shall bear the prescribed annual interest rate, thereby fixing the rate to be applied for interest computation on those annuity deposits under the Act.
                        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 interest rate notified under section 280D, fixing the applicable annual interest for 1970-71 deposits.

                              The Central Government, in exercise of powers under the Income-tax Act, 1961, notifies that annuity deposits made or recovered during the specified year shall bear the prescribed annual interest rate, thereby fixing the rate to be applied for interest computation on those annuity deposits under the Act.


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