"31 July 1979" Archive

Circular No. 260-Income Tax dated 31-7-1979

Circular No. 260-Income Tax (31/07/1979)

Circular No. 260 -Income Tax Attention of the Chambers of Commerce is invited to the provi­sion contained in sub-section (4) of section 182 which requires that "a registered firm may retain out of the shares of each partner in the income of the firm a sum not exceeding 30 per cent thereof until such time as the tax which may be levied o...

Read More