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Archive: 13 June 1969

Posts in 13 June 1969

Circular No. 20-Income Tax dated 13-6-1969

June 13, 1969 345 Views 0 comment Print

Circular : No. 20-Income Tax A suggestion has been made to the Board that, in the case of banks, the Income-tax Officer should give full deduction for all bad and doubtful debts actually written off in the books of the banks, without any questioning, since the banks are in a better position to decide whether any of their debts are realisable or not.

Circular No. 19-Income Tax dated 13-6-1969

June 13, 1969 331 Views 0 comment Print

Circular : No. 19-Income Tax It has been represented to the Board that expenditure incurred by businessmen on advertisements in souvenirs by trade, commerce and industry should be allowed in full in the same manner as expenditure on advertisements in newspapers since the purpose of both kinds of advertisements is identical.

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