Compulsory Deposit Scheme Act,1963

Act No : 21

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Section : Definitions.

3.Definitions.In this Act, unless the context otherwise requires,- (a) " additional surcharge " means additional surcharge for the purposes of the Union referred to in the annual Finance Act ; (b) "deposit" means a deposit of money; (c) " Income-tax Act " means the Income-tax Act, 1961 (40 of 1961) ; (d) " person " shall have the same meaning as in clause (31) of section 2 of the Income-tax Act; 37 (e) "salary" has the same meaning as in section 17 of the Income-tax Act, but in relation to a person falling under clause (d) of section 2 does not include any gratuity or annuity or pension; (f) "urban area " means any area within the local limits of a municipality (by whatever name called), a notified area committee a town area committee, a city and town committee, a small town committee, a Cantonment Board or a Panchayat constituted by reorganisation of any of the aforesaid local authorities and having a population of ten thousand or more ; (g) " year " means the financial year.

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