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The Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Repayments regarding

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Full Text of the Document

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....-Repayments regarding. The repayment of deposits and payment of interest on such deposits under the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974, is governed by the provisions of section 8 of the Act. The second proviso to section 8(1) of the Act permits early repayment of the deposit or any instalment thereof together with the interest due in any case in which the Income-tax Officer i....