Annuity deposit
Section 3 of the Finance Act, 1968 deals with annuity deposit. Annuity deposit 3. (1) Save as otherwise provided in Chapter XXIIA of the Income-tax Act, annuity deposit for the assessment year commencing on the 1st day of April, 1968 shall be made by every person to whom the provisions of that Chapter apply, at the rate or rates specified in the Second Schedule. The Act was enacted on 11 May 1968.
Annuity deposit
3. (1) Save as otherwise provided in Chapter XXIIA of the Income-tax Act, annuity deposit for the assessment year commencing on the 1st day of April, 1968 shall be made by every person to whom the provisions of that Chapter apply, at the rate or rates specified in the Second Schedule.
(2) For the purposes of this section and the Second Schedule, the expressions "adjusted total income", "annuity deposit" and "depositor" have the meanings respectively assigned to them under clauses (1), (5) and (6) of section 280B of the Income-tax Act.
[Finance Act, 1968]
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Section 3, The Finance Act, 1968 (Act 19 of 1968).
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Questions about Section 3
What does Section 3 of the Finance Act deal with?
Section 3 of the Finance Act is headed "Annuity deposit". Annuity deposit 3. (1) Save as otherwise provided in Chapter XXIIA of the Income-tax Act, annuity deposit for the assessment year commencing on the 1st day of April, 1968 shall be made by every person to whom the provisions of that Chapter apply, at the rate or rates specified in the Second Schedule.
How do I find court cases under Section 3 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1968 3, section 3 Finance Act 1968, section 3 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 3 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 280B (Offences triable by Special Court), so none of them can safely be read on its own.
When was Section 3 of the Finance Act enacted?
Section 3 of the Finance Act, cited as Finance Act 1968 3, was enacted on 11 May 1968 as Act 19 of 1968. It is in force as at the date shown on this page.
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- 7. Insertion of new section 40A932 words
- 2. Income-tax845 words
- 5. Insertion of new sections 35B and 35C732 words
- 11. Insertion of new section 141A500 words
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