Tax deduction eligibility affirmed for post office time and recurring deposits, operative from the notified commencement date. The Central Government notifies the Post Office (Time Deposits) scheme and the Post Office (Recurring Deposits) scheme as qualifying for the deduction provision of the Income-tax Act; the notification, issued under the amendment effected by the Finance Act, 1970, names the schemes governed by their 1970 Rules and declares that the notification takes effect on the first day of April 1971.
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.
Tax deduction eligibility affirmed for post office time and recurring deposits, operative from the notified commencement date.
The Central Government notifies the Post Office (Time Deposits) scheme and the Post Office (Recurring Deposits) scheme as qualifying for the deduction provision of the Income-tax Act; the notification, issued under the amendment effected by the Finance Act, 1970, names the schemes governed by their 1970 Rules and declares that the notification takes effect on the first day of April 1971.
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