Para 15.19 — CAM
CAM
Original Rule Text
15.19 PERSONAL DEPOSIT ACCOUNTS 15.19.1 Under the Income Tax Rules, Personal Deposit (PD) Accounts are maintained with specified branches of the accredited bank or the RBI offices, for depositing money seized from persons suspected of Tax Evasion. The Tax amount in the P.D. Account is transferred to the RBI, CAS, Nagpur on a daily basis for credit to the Government Account and the balance in these accounts is only a notional balance.