"29 December 1969" Archive

Circular No. 33-Income Tax dated 29-12-1969

Circular No. 33-Income Tax (29/12/1969)

Circular No. 33-Income Tax Section 40A(3) requires that if any payment in a sum exceeding Rs. 2,500 in respect of an expenditure incurred after March 31, 1969 is made otherwise than by a crossed cheque drawn on a bank or by a crossed bank draft, such expenditure shall not be allowed as a deduction. ...

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Notification: S.O.5056 Date of Issue: 29/12/1969

Notification: S.O.5056 (29/12/1969)

In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely....

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