https://www.taxtmi.com/acts?id=53562 Where an employee assigns or creates a charge on his beneficial interest in a fund, the Assessing Officer must notify the employee to secure cancellation within two months; failure to do so causes the consideration received to be treated as deemed income of the employee in the tax year when the Assessing Officer became aware, and that amount is to be assessed accordingly. en-us Fri, 20 Mar 2026 18:48:07 +0530 Fri, 20 Mar 2026 18:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53562 Where an employee assigns or creates a charge on his beneficial interest in a fund, the Assessing Officer must notify the employee to secure cancellation within two months; failure to do so causes the consideration received to be treated as deemed income of the employee in the tax year when the Assessing Officer became aware, and that amount is to be assessed accordingly. Act-Rules Income Tax Fri, 20 Mar 2026 18:48:07 +0530 https://www.taxtmi.com/acts?id=53562