"February, 1985" Archive

Notification No. S.O.1478 – Income Tax Dated 26/2/1985

Notification No. S.O.1478 - Income Tax (26/02/1985)

Notification No- S.O.1478 - Income Tax 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 " Sri Arulmigu Kumarakottam Subramaniaswamy Koil Rajagopuram Nirmana, Kancheepuram " to be a place of public worship of renown throughout South In...

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Circular No. 411-Income Tax dated 25-2-1985

Circular No. 411-Income Tax (25/02/1985)

Circular No. 411-Income Tax The provisions of section 6 of Wealth-tax Act, read with section 10(4A) of the Income-tax Act, allow exemption from wealth-tax on the moneys lying to the credit in a Non-resident (External) [NRE] Account belonging to a person resident outside India within the meaning of section 2(q) of the Foreign Exchange Regu...

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Notification No. S.O.1209 – Income Tax Dated 22/2/1985

Notification No. S.O.1209 - Income Tax (22/02/1985)

Notification No- S.O.1209 - Income Tax 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 " Sri Sarangapani Swamy Temple, Kumbakonam, Tamil Nadu " to be a place of public worship of renown throughout the State of Tamil Nadu...

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Notification No. S.O.1205 – Income Tax dated 18/2/1985

Notification No. S.O.1205 - Income Tax (18/02/1985)

Notification No- S.O.1205 - 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 " The Institute of Franciscan Missionaries of Mary Society No. 10, Convent of Our Lady of Velanganni, Thomaspuram ", for the purpose of...

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Notification No. S.O.1099 – Income Tax Dated 18/2/1985

Notification No. S.O.1099 - Income Tax (18/02/1985)

Notification No- S.O.1099 - Income Tax In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies " Institute of Rail Transport ", for the purpose of the said section for the period covered by the assessment years 1982-83 to 1985-86...

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Notification No. S.O.1204 – Income Tax Dated 16/2/1985

Notification No. S.O.1204 - Income Tax (16/02/1985)

Notification No- S.O.1204 - 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 makes the following correction in its Notification No. 5976 [F. No. 197A/27/82-IT(AI)], dated September 12, 1984...

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Notification No. S.O.1208 – Income Tax Dated 16/2/1985

Notification No. S.O.1208 - Income Tax (16/02/1985)

Notification No- S.O.1208 - Income Tax In continuation of this Office Notification No. 4788 (F. No. 203/169/80-ITA-II) dated July 7, 1982, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes o...

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Circular No. 409-Income Tax dated 12-2-1985

Circular No. 409-Income Tax (12/02/1985)

Circular No. 409-Income Tax The issue regarding taxability of interest on cumulative deposit schemes of the private sector undertakings has been considered by the Board. The point for consideration is whether interest on cumulative deposit schemes would be taxable on accrual basis for each year during which the deposit is made or on rec...

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Circular No. 410-Income Tax dated 12-2-1985

Circular No. 410-Income Tax (12/02/1985)

Circular No. 410-Income Tax Section 10(15 )(ii) provides for exemption from tax in respect of interest on various specified securities, interest on deposits in Post Office Savings Bank and bonus in respect of deposits under the Post Office Savings Bank (Cumulative Time Deposits) Rules, 1959....

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Notification No. S.O.92(E) – Income Tax Dated 4/2/1985

Notification No. S.O.92(E) - Income Tax (04/02/1985)

Notification No- S.O.92(E) - Income Tax In pursuance of sub-clause (vi) of clause (2) of section 17 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies that the rate of interest for the purposes of said sub-clause shall be simple interest at the rate ten per cent. per annum...

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