"18 November 1971" Archive

Circular No. 69-Income Tax dated 18-11-1971

Circular No. 69-Income Tax (18/11/1971)

Circular No. 69-Income Tax Attention is invited to the provisions contained in clause (xx) of sub-section (1) of section 5. Clause (xx) exempts from wealth-tax the value of any equity shares held by the assessees in any company of the type referred to in clause (d) of section 45 where such shares form part of the initial issue of equity s...

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