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6. Income deemed to be received in the financial year
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6. Income deemed to be received in the financial year.—The following income shall be deemed to be received in the financial year, namely :—
(a) any contribution made by an employer, in the financial year, to the account of an employee under a pension fund ;
(b) any contribution made by an employer, in the financial year, to the account of an employee in any other fund ;
(c) the annual accretion, in the financial year, to the balance at the credit of any employee in a fund referred to in clause (b) to the extent it exceeds the limit as may be prescribed.
Clause 6 provides that the following income shall be deemed to be received in the financial year, namely:—
(a) any contribution made by an employer in the financial year to the account of an employee under a pension fund ;
(b) any contribution made by an employer in the financial year to the account of an employee in any other fund ; and
(c) the annual accretion in the financial year to the balance at the credit of any employee in a fund referred to in item (b) to the extent it exceeds the limit as may be prescribed.
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