Circular No.245 – Income Tax The Amending Act has inserted a new section 13A in Chapter III which provides that the following categories of income derived by a political party will not be included in computing its total income
Notification No. S.O.3413 It is hereby notified for general information that the institution mentioned below 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 with rule 6(ii) of the Income-tax Rules, 1962, under the category of ” scientific research association ” in the field of medical research, subject to the following conditions
Notification No. S.O.3412 Name of the scientific research Yarn faults : Causes for occurrence and programme: their influence on weaving performance and fabric quality. Name of the sponsors : New Shorrock Mills Nadiad ; Ashoka Mills, Ahmedabad ; Khatau Mills Bombay ; Rajasthan Spg. & Wvg. Mills, Bhilwara ; Arunoday Mills, Morbi.
Notification No. S.O.3411 That the Parkhe Research Institute, Poona, will maintain a separate account of the sums received by it for scientific research in the field of natural or applied sciences (other than agriculture/animal husbandry/fisheries & medicines)
