Income Tax - Page 2490

Circular No.1(15)-63/TPL – Income Tax dated 8/9/1963

Circular No.1(15)-63/TPL - Income Tax (08/09/1963)

Circular No.1(15) - Income Tax The basic rates of income-tax and super tax for the assessment year 1963-64 continue to be exactly the same as for the assess­ment year 1962-63. So far as Union surcharge and the special surcharge on unearned income are concerned, the rates are the same as in the last year, subject to the following changes...

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Notification: S.O.3142 Date of Issue: 4/10/1962

Notification: S.O.3142 (04/10/1962)

Notification: S.O.3142 Section(s) Referred: 230 ,230(1) Statute: INCOME TAX Date of Issue: 4/10/1962 In exercise of the powers conferred by sub-section (1) of section 230 of the INCOME-TAX ACT, 1961 (43 of 1961), the Central Government hereby makes the following further amendment to the notification of the Government of India in the M...

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Notification: S.O.2565 Date of Issue: 9/8/1962

Notification: S.O.2565 (09/08/1962)

In exercise of the powers conferred by section 295 of the INCOME-TAX ACT, 1961 (43 of 1961), the Central Board of Revenue hereby makes the following rules further to amend the INCOME-TAX RULES, 1962, namely :...

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Notification: S.O.2573 Date of Issue: 6/8/1962

Notification: S.O.2573 (06/08/1962)

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that Sri Meenakshi Sundareswarar Temple, Madurai, to be of archaeological and artistic importance for the purposes of the said section ...

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Circular No.22D-Income Tax dated 1/8/1962

Circular No.22D-Income Tax (01/08/1962)

Circular No.22D - Income Tax Officers will note that in the rate schedule applicable to individuals, Hindu undivided families, etc., the slab of Rs. 15,001 - Rs. 20,000 has been substituted by two slabs, namely, Rs. 15,000 - Rs. 17,500 and Rs. 17,501 - Rs. 20,000. Secondly, for all the slabs above Rs. 5,000 the rates have been slightly ...

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Notification: S.O.2610 Date of Issue: 24/7/1962

Notification: S.O.2610 (24/07/1962)

Notification: S.O.2610 Central Government hereby accords approval to the Kreditanstalt fur Wiederaufbau (West German Bank for Reconstruction), West Germany, for the purposes of exemption from income-tax or super-tax on the interest payable by any industrial undertaking in India on moneys borrowed by it under a loan agreement entered into ...

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Notification: S.O.2029 Date of Issue: 30/6/1962

Notification: S.O.2029 (30/06/1962)

In exercise of the powers conferred by section 295, of the INCOME-TAX ACT, 1961 (43 of 1961), the Central Board of Revenue hereby makes the following rules to amend the INCOME-TAX RULES, 1962, namely :---...

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Notification: S.O.993 Date of Issue: 1/4/1962

Notification: S.O.993 (01/04/1962)

In exercise of the powers conferred by sub-clause (iii) of clause 44 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises every Gazetted Officer of the Government of Orissa, appointed to perform the functions of a Certificate-Officer under clause (3) of section 3 of the Bihar and Orissa Public De...

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Notification: S.O.992 Date of Issue: 1/4/1962

Notification: S.O.992 (01/04/1962)

In exercise of the powers conferred by sub-clause (iii) of clause 44 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises every Gazetted Officer of the Government of Bihar, appointed to perform the functions of a Certificate Officer under clause (3) of section 3 of the Bihar and Orissa Public Dem...

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Notification: S.O. 991 Date of Issue: 1/4/1962

Notification: S.O. 991 (01/04/1962)

In exercise of the powers conferred by sub-section (iii) of clause (44) of section 2 of the Indian Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises every Gazetted Officer of the Government of West Bengal appointed to perform the functions of a Certificate-Officer under clause (3) of section 3 of the Bengal Publi...

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Latest Income Tax News

Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.

Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.

Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
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