Section 3 - Annuity Deposit - Finance Act, 1967

Repealed by Section 47 of Finance (No. 2) Act, 1967 dated 05-08-1967 3. Annuity Deposit (1) Save as otherwise provided in Chapter XXIIA of the Income-tax Act, 1961 (43 of 1961), annuity deposit for the assessment year commencing on the 1st day of April, 1967, and annuity deposit to be made during the financial year commencing on the 1st day of April, 1967, shall be made by every person to whom the provisions of that Chapter apply, at the rate or rates specified in the Second Schedule to the Finance Act, 1966 (13 of 1966). (2) For the purposes of this section and the Second Schedule as aforesaid, 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, 1961 (43 of 1961).