"September, 1973" Archive

Circular No. 119-Income Tax dated 26-9-1973

Circular No. 119-Income Tax (26/09/1973)

Circular No. 119-Income Tax Section 45 provides for the taxation of capital gains arising on the transfer of capital assets. Sections 54, 54B and 54D grant exemption in respect of capital gains arising on transfer of property used for self-residence, land used for agricultural purposes and compulsory acquisition of lands and buildings u...

Read More

Circular No. 118-Income Tax dated 15-9-1973

Circular No. 118-Income Tax (15/09/1973)

Circular No. 118-Income Tax Reference is invited to the instructions contained in the Board’s Circular No. 2 (WT) of 1967, dated 31-10-1967 [printed here as Clarification 3] regarding valuation of unquoted equity shares of investment companies, holding companies and managing agency companies....

Read More

Notification: S.O.3038 Date of Issue: 7/9/1973

Notification: S.O.3038 (07/09/1973)

Notification: S.O.3038 Indian College of Allergy and Applied Immunology, New Delhi 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....

Read More

Notification: S.O.3037 Date of Issue: 7/9/1973

Notification: S.O.3037 (07/09/1973)

Notification: S.O.3037 Management Development Institute, New Delhi.has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, for a period of five years w.e.f. 1-4-1973 ...

Read More