https://www.taxtmi.com/acts?id=8634 The amendment adds Senior Citizens Savings Scheme deposits and five year post office time deposits to qualifying investments for deduction and provides that any amount, including accrued interest, withdrawn from these accounts before five years shall be deemed the assessee's income in the year of withdrawal and taxed accordingly, except that interest already included in prior years' income and amounts received by a nominee or legal heir on the assessee's death (other than previously untaxed interest) are not liable under this deeming rule. en-us Thu, 01 May 2008 17:58:37 +0530 Fri, 02 May 2008 09:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8634 The amendment adds Senior Citizens Savings Scheme deposits and five year post office time deposits to qualifying investments for deduction and provides that any amount, including accrued interest, withdrawn from these accounts before five years shall be deemed the assessee's income in the year of withdrawal and taxed accordingly, except that interest already included in prior years' income and amounts received by a nominee or legal heir on the assessee's death (other than previously untaxed interest) are not liable under this deeming rule. Act-Rules F. Acts / Amendment Acts Thu, 01 May 2008 17:58:37 +0530 https://www.taxtmi.com/acts?id=8634