https://www.taxtmi.com/acts?id=3900 An employee who assigns or creates a charge on the beneficial interest in a recognised provident fund must, on notice from the Assessing Officer, secure cancellation of the assignment or charge within two months. If the charge is not cancelled within that period, the consideration received is deemed to be income of the employee in the year the Assessing Officer became aware of the transaction and is assessed accordingly. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 21 May 2026 11:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3900 An employee who assigns or creates a charge on the beneficial interest in a recognised provident fund must, on notice from the Assessing Officer, secure cancellation of the assignment or charge within two months. If the charge is not cancelled within that period, the consideration received is deemed to be income of the employee in the year the Assessing Officer became aware of the transaction and is assessed accordingly. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3900