"May, 1977" Archive

Circular No. 220-Income Tax dated 31-5-1977

Circular No. 220-Income Tax (31/05/1977)

Circular No. 220 -Income Tax Clause (j ) of rule 6DD provides that no disallowance under section 40A(3) shall be made where the assessee satisfies the Income-tax Officer that the payment could not be made by way of a crossed cheque drawn on a bank or by a crossed bank draft...

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Circular No. 219-Income Tax dated 30-5-1977

Circular No. 219-Income Tax (30/05/1977)

Circular : No. 219 -Income Tax In exercise of the powers conferred by rule 10(4) of the Gift-tax Rules, 1958 [as amended by the Gift-tax (Second Amendment) Rules, 1976], the Central Board of Direct Taxes hereby direct that the value of a partner’s right to share the profits of the firm without the right to share the assets shall be ca...

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Notification No. S.O.3448 Date of Issue: 26/5/1977

Notification No. S.O.3448 (26/05/1977)

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Birla Education Trust, Pilani, for the purposes of the said section for and from the assessment year(s) 1973-74....

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Notification No. G.S.R.707 Date of Issue: 21/5/1977

Notification No. G.S.R.707 (21/05/1977)

In pursuance of the provisions of section 280D of the Income-tax Act, 1961 (33 of 1961), the Central Government hereby notifies that annuity deposits made or recovered during the year 1977-78, shall bear interest at the rate of 4-1/4 per cent. (approximately) per annum....

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Notification No. S.O.2591 Date of Issue: 11/5/1977

Notification No. S.O.2591 (11/05/1977)

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Gajanan Maharaj Santhan, Shegaon, to be a place of public worship of renown throughout the State of Maharashtra for the purposes of the said section....

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