Circular No. 388 - Income Tax -
Circular No. 388 - Income Tax I am directed to invite a reference to this Ministry’s Circular No. 362 [F.No. 275/21/83-IT(B)], dated 18-6-1983 wherein the rates of income-tax deduction during the financial year 1983-84, from the payments of income chargeable under the head "Salaries" under section 192 were intimated....
Circular No.387 - Income Tax -
Circular No.387 - Income Tax In respect of incomes of all categories of taxpayers (corporate as well as non-corporate) liable to tax for the assessment year 1984-85 the rates of income-tax (including surcharge thereon) have been specified in Part I of the First Schedule to the Finance Act. These rates are the same as those laid down in P...
Circular No. 384 - Income Tax -
Circular No. 384 - Income Tax Attention is invited to instructions contained in Para III(b ) of the Board’s Circular No. 3(WT) of 1957, dated 28-9-1957 wherein it was stated that the valuation fixed in one assessment year need not be disturbed for two succeeding assessment years except in certain circumstances. ...
Notification No. S.O.3169-Income Tax -
Notification No. S.O.3169-Income Tax In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies " Sri Badrinath-Kedarnath Temples Committee " for the purpose of the said section for the period covered by the assessment years 1980-81 t...
Circular No. 385 - Income Tax -
Circular No. 385 - Income Tax The Board have considered taxation under the Wealth-tax Act of assessees in India in respect of their properties left in erstwhile East Pakistan after Indo-Pak conflict of 1965 and the relief granted to them in respect of such properties in the form of ex gratia grant from the Consolidated Fund of India an...