Benefit of inclusion of annuity in income for all professionals.

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..... of accounting for their professional income and who are paid remuneration either wholly or partly through annuity policy as per agreement /contract, the particular amount of the annuity instalment as is paid in a year is to be included in the total income of the said year provided the annuity policy incorporates all the features mentioned in para 2 of the said instructions. 2. Para 5 of the sai .....

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..... es in the case of film artists will protanto apply, subject to minor verbal modifications in para 2 therof, namely that the situations referred to therein as between producers and artists will be constructed as referring to - in the case of professionals - as between clients and their professionals. 6. Instructions No.1310 referred to above may be treated as to have been modified to this extent. .....

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