Section 3(1) in The Compulsory Deposit Scheme (Income Tax Payers) Act, 1974
(1)Subject to the provisions of this Act, the persons specified in sub- section (2) shall be liable to make compulsory deposits for the assessment year commencing on the 1st day of April, 1975 and every subsequent assessment year (not being an assessment year commencing on or after the 1st day of April, 1986 ].
