Home Acts & Rules Bill Bills Direct Taxes Code Bill, 2009 Chapters List Chapter II BASIS OF CHARGE This
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Clause 6 - Income deemed to be received in the financial year - Direct Taxes Code Bill, 2009Extract Income deemed to be received in the financial year 6. The following income shall be deemed to be received in the financial year:- (a) any contribution made by the employer, in the financial year, to the account of an employee with any permitted savings intermediary referred to in sub-section (2) of section 66. (b) any contribution made by the employer to any fund, other than an approved fund, or the interest thereon.
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