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Annual accretion referred to in section 17(1)(i)

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Full Text of the Document

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.... the fund or scheme referred to in section 17(1)(h), shall be the amount or aggregate of amounts computed in accordance with the following formula:- TP = (PC/2) x R + (PC1 + TP1) x R Where,- TP = Taxable perquisite under section 17(1)(i) for the current tax year; TP1 = aggregate of taxable perquisite under section 17(1)(i) for the tax year or years commencing on....