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Archive: 08 August 1972

Posts in 08 August 1972

Circular No. 77-Income Tax dated 8-8-1972

August 8, 1972 295 Views 0 comment Print

Circular No. 77-Income Tax Under section 59 of the Finance Act, 1983, the balance standing to the credit of a depositor under the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974, who attained the age of 65 years before April 1, 1983, is refundable at his option on June 1, 1983. The Ministry of Finance have advised the Reserve Bank of India to instruct the banks to make the refunds wherever preferred. In respect of

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