Notification: S.O.175(E) This notification contains Amendment to Income-tax Rules carried out on 6-3-1972 not reproduced here as it is already contained in the body of the Rules itself
Circular No. 80-Income Tax Under section 40(c )(iii), any expenditure incurred by a company after February 29, 1964, which results directly in the provision of any benefit or amenity or perquisite, whether convertible into money or not, to an employee (including any sum paid by the company in respect of any obligation which but for such payment would have been payable by such employee) would be admissible
Circular No. 79-Income Tax Assessees, deriving profits and gains from newly established industrial undertakings or ships or hotel business, are entitled to tax relief provided under section 80J [section 84 up to the assessment year 1967-68]. When such assessees happen to be companies which declare dividend out of such profits, the shareholders too become entitled to tax relief under section 80K
Circular No. 78-Income Tax Attention of the Commissioners is invited to the enclosed handout issued by the Board to the Press Note on 21-1-1972 [printed here as Annex] under which general extension of time for filing the returns of wealth in the cases of persons owning agricultural lands or other assets related thereto has been allowed up to the end of February 1972, for the assessment years 1970-71 and 1971-72
Notification: S.O.1083 has been approved by the Indian Council of Medical Research, the prescribed authority, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961)
Circular No. 76-Income Tax In exercise of the powers conferred by section 3 of the United Nations (Privileges and Immunities) Act, 1947 (46 of 1947), the Central Government hereby declares that the provisions of clause (b) of section 18 contained in article V of the Schedule to the said Act shall apply mutatis mutandis to the officials of the International Jute Orgnisation, Dhaka (Bangladesh), an International
Notification: S.O.1082 National Hospital, Mahim, Bombay has been approved by the Indian Council of Medical Research, New Delhi, the prescribed authority, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).
Circular No. 75-Income Tax Attention is invited to the provisions of section 5(1)(viii) as amended by section 32 of the Finance (No. 2) Act, 1971. Under This amendment the operation of the exemption in clause (viii) has been restricted prospectively in the following respects
Circular No. 74-Income Tax Attention is invited to the provisions of clause (xx) of sub-section (1) of section 5, as amended by the Finance (No. 2) Act, 1971. Prior to this amendment, the value of any equity shares, held by the assessee in any company of the type referred to in clause (d) of section 45, i.e., a company established with the object of carrying on an industrial undertaking in India where such shares formed part of the
In exercise of the powers conferred by sections 24 and 158 of the Customs Act, 1962 (52 of 1962) and in supersession of the Denatured Spirit (Ascertaining and Determining) Rules, 1957, published with Notification No. 140-Customs, dated the 6th July, 1957, of the Government of India, .Ministry of Finance (LateDepartment of Revenue), the Central Government hereby makes the following rules for causing imported spirit and spirit contents of imported spirituous preparations to be denatured at the request of the importer.
