Section 72

Section 72 t which imposes a 10 percent tax on certain early distributions and section 72 m 5 which imposes a separate 10 percent tax on certain amounts received by a 5 percent owner apply to a deemed distribution under section 72 p in the same manner as if the deemed distribution were an actual distribution.

Section 72. Section 72 slope protection 4 7201 general. Paragraph 2 a iv shall not apply to any amount paid from a trust described in section 401 a which is exempt from tax under section 501 a or from a contract described in section 72 e 5 d ii unless the series of payments begins after the employee separates from service. Carry forward and set off of business losses 1.

2 a iv shall not apply to any amount paid from a trust described in section 401 a which is exempt from tax under section 501 a or from a contract described in section 72 e 5 d ii unless the series of payments begins after the employee separates from service. This section provides guidelines for inspecting slope protection for work specified under section 72 slope protection of the standard specifications the following common types of slope protection are covered in this section. 4 change in substantially equal payments.

Paragraph 2 a iv shall not apply to any amount paid from a trust described in section 401 a which is exempt from tax under section 501 a or from a contract described in section 72 e 5 d ii unless the series of payments begins after the employee separates from service. On july 31 2000 final regulations were published with respect to numerous issues arising under section 72 p 2. Section 72 in the income tax act 1995.

2 where for any assessment year the net result of the computation under the head profits and gains of business or profession is a loss to the assessee not being a loss sustained in a speculation business and such loss cannot be or is not wholly. Paragraph 2 a iv shall not apply to any amount paid from a trust described in section 401 a which is exempt from tax under section 501 a or from a contract described in section 72 e 5 d ii unless the series of payments begins after the employee separates from service. Notwithstanding any other provisions of this section if the appointing authority determines that there is probable cause to believe that the continued presence of the employee on the job represents a potential danger to persons or property or would severely interfere with operations it may place such employee on involuntary leave of absence immediately.