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Circular No. 404-Income Tax The Cabinet Secretariat have introduced with effect from January 1, 1980 an insurance Scheme called the “Special Frontier Force Group Insurance Scheme” for the welfare of employees. The objective of the Scheme is to provide, at a low cost and on a wholly contributory and self-financing basis, the benefits of an insurance cover for the families of the employees in the event of their death
Circular No. 406-Income Tax The National Deposit Scheme was launched by the Central Government with effect from 30-7-1984. Interest on deposits under this Scheme is paid or compounded on half-yearly basis. The Central Government has amended the Scheme to provide that in respect of deposits made in financial year 1984-85, interest up to 31-3-1985 will be deemed to have accrued on 31-3-1985 even
Circular No. 405-Income Tax Under section 80C(2)(h ), an individual or Hindu undivided family or an association of persons or a body of individuals consisting only of husband and wife governed by the system of community of property in force in the Union territories of Dadra and Nagar Haveli and Goa, Daman and Diu is entitled to a deduction in respect of any sums paid in a previous year out of his or its
