Income-tax Act, 1961
Section - 7 - Income deemed to be received
Income deemed to be received.7. The following incomes shall be deemed to be received in the previous year :-
| (i) | - | the annual accretion in the previous year to the balance at the credit of an employee participating in a recognised provident fund, to the extent provided in rule 6 of Part A of the Fourth Schedule ; |
| (ii) | - | the transferred balance in a recognised provident fund, to the extent provided in sub-rule (4) of rule 11 of Part A of the Fourth Schedule ; |
| (iii) | - | the contribution made, by the Central Government or any other employer in the previous year, to the account of an employee under a pension scheme referred to in section 80CCD. |
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