Accumulated balance of a recognised provident fund is exempt as provided in which rule?
ARule 4 of Part A
BRule 2 of Part A
CRule 6 of Part A
DRule 8 of Part A
Answer & Solution
Correct answer: D. Rule 8 of Part A
The exemption for the accumulated balance payable from a recognised fund applies to the extent provided in rule 8 of Part A of the Fourth Schedule.
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