Notification: S.O.3114 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to Society of Pharmaceutical & Industrial Research, Bombay, by notification No. 244 (F. No. 203/42/70-ITA-II) with effect from 20th December, 1972, is withdrawn with effect from 1st June, 1976, on the recomm
Circular : No. 201 -Income Tax The Board attaches very great importance to the successful implementation of the “summary assessment scheme” so that the genuine small taxpayers, who form nearly 70 per cent of the number of taxpayers borne on our registers, are not put to the avoidable inconvenience of appearing before the Income-tax Officers to prove the correctness of
Notification: S.O.458(E) Short title and commencement.–(1) These rules may be called the Income-tax Settlement Commission (Procedure) Rules, 1976. (2) They sha
Circular No, 202 – Income Tax The rates of income-tax for the assessment year 1976-77 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, 1976. These rates are the same as those specified in Part III of the First Schedule to the Finance Act, 1975, as modified by the Finance (Amendment) Act, 1975, for purposes of
Notification: S.O.4051 In exercise of the powers conferred by sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies, f
Notification: S.O.2749 In exercise of the powers conferred by sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies, fo
Circular : No. 200 -Income Tax Attention is invited to Board’s Circular No. 19 [F. No. 9/20/69-IT(A-II)], dated 13-6-1969 [Clarification 3] on the above subject. It has been represented to the Board that expenditure on advertisements in souvenirs is expenditure incurred wholly and exclusively for the purpose of business and as such is allowable as a deduction under section 37(1)
Circular : No. 198 -Income Tax Under section 194B every person responsible for paying to any person, whether resident or non-resident, any income by way of winnings from any lottery or crossword puzzle, in an amount exceeding Rs. 1,000 is required to deduct income-tax thereon at rates prescribed in this behalf in the Finance Act of the relevant year. The rates of
Circular : No. 199 -Income Tax Section 194D provides for deduction of income-tax at source, at such rates as may be prescribed by Finance Act of the relevant year, from payments of income by way of insurance commission, to a resident, whether an individual, a company or any other category of person. The rates for deduction of tax at source for the financial year 1976-77
Notification: S.O.2826 Loyola Academy, Hyderabad. The notification will be effective from 1-4-1976 to 31-3-1979
