Circular No. 125-Income Tax The Institute of Chartered Accountants of India have represented to the Board requesting for reconsideration of its earlier instructions that a power-of-attorney in favour of chartered accountants was required to be stamped in the manner prescribed in the Stamp Act.
Circular No.126 – Income Tax The rates of income-tax for the assessment year 1973-74 in the case of all categories of taxpayers (corporate as well as non-corporate) are specified in Part I of the First Schedule to the Finance Act, 1973. These rates – summarised in Annexure I to this circular – are the same as those specified in Part III of the First Schedule to the Finance Act, 1972 for purposes of computation of
