Insertion of new section 80CCA

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..... ssee, being - (a) an individual, or (b) a Hindu undivided family, or (c) an association of persons or a body of individuals consisting, in either case, only of husband and wife governed by the system of community of property in force in the Union territories of Dadra and Nagar Haveli and Goa, Daman and Diu, has in the previous year deposited out of his income chargeable to tax any amount i .....

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..... in any previous year, an amount equal to fifty per cent. of the amount so withdrawn shall be deemed to be the income of the assessee of that previous year in which such withdrawal is made and shall, accordingly, be chargeable to tax as the income of that previous year. Explanation : For the removal of doubts, it is hereby declared that interest on the deposits made under the National Savings Sch .....

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