Section 191 — Tax on accumulated balance of recognised provident fund
Old Act equivalent: Section 111 of IT Act 1961 Sub-part: A—Determination of tax in certain special cases
Statutory Text
- Where the accumulated balance due to an employee participating in a recognised provident fund is included in his total income, owing to the provisions of paragraph 8 of Part A of Schedule XI not being applicable, the Assess
ing Officer shall calculate the total of the various sums of tax as per the provisions of paragraph 9 thereof. Tax in case of block assessment of search cases.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Accumulated balance due to an employee from a recognised provident fund.
- Conditions: Tax calculated as per rule 9 of Part A of Schedule IV.
- Time limits: None.
- Monetary limits: As per Schedule IV computation.
- Exceptions: None.
Cross-References
None identified.
Amendment Notes
None noted from the extracted pages.