TMI BlogAccumulation of income - The provisions of sec. 11(2)(a) talks about “income”, where as the provisions...Accumulation of income - The provisions of sec. 11(2)(a) talks about “income”, where as the provisions of sec. 11(2)(b) talks about the “money” so accumulated - earmarking of existing bank fixed deposits, which is free from any lien, towards the income accumulated u/s 11(2) of the Act during the year under consideration would be sufficient compliance of sec. 11(2)(b)- AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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