"January, 1988" Archive

Circular No. 502-Income Tax dated 27-1-1988

Circular No. 502-Income Tax (27/01/1988)

Circular : No. 502-Income Tax References have been received from certain quarters about the applicability of the provisions of section 194C to the payments made in respect of the works executed under the National Rural Employment Programme (NREP) and Rural Landless Employment Guaran­tee Programme (RLEGP)....

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Notification No. S.O.126(E)-Income Tax Dated 25/1/1988

Notification No. S.O.126(E)-Income Tax (25/01/1988)

Notification No. S.O.126(E)-Income Tax In exercise of the powers conferred by sub-section (1) and (2) of section 269UB of Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the Notification of the Government of India in the Ministry of Finance, Department of Revenue, No. S.O. 684(E),...

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Notification No. S.O.125(E)-Income Tax, Dated: 21.01.1988

Notification No. S.O.125(E)-Income Tax (21/01/1988)

This notification contains Amendment to Income-tax (Amendment) Rules, 1988 carried out on 21st January, 1988 not reproduced here as it is already contained in the body of the Rules itself....

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Circular No. 501-Income Tax dated 20-1-1988

Circular No. 501-Income Tax (20/01/1988)

Circular : No. 501-Income Tax I am directed to invite a reference to this Ministry’s Circu­lar No. 489 [F.No. 275/51/87-IT(B)], dated 25-6-1987, wherein the rates of income-tax deduction during the year 1987-88 from the payment of income chargeable under the head "Salaries" under section 192 were intimated....

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Notification No. S.O.673-Income Tax, Dated: 18.01.1988

Notification No. S.O.673-Income Tax (18/01/1988)

In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the 3 year HUDCO Capital Gains Debentures issued by the Housing and Urban Development Corporation Ltd., New Delhi, for the purpose of the said clause....

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This notification exempts specified goods imported by 100% EOU situated in the special Export Oriented Complex at Jhandewalan at New Delhi

Notification No. 3/1988-Customs (14/01/1988)

Provided further that in the event of the Gem and Jewellery units to whom the gold or silver has been supplied, fails to export the jewellery made out of such gold or silver within the time specified in the Export and Import Policy under the respective Scheme, the nominated agencies shall deposit duty on the quantity of the gold or silver...

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Notification No. S.O.669-Income Tax Dated 12/1/1988

Notification No. S.O.669-Income Tax (12/01/1988)

Notification No. S.O.669-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961(43 of 1961), the Central Government hereby specifies the "1987-88 IPCL--13 per cent. Secured Redeemable Non-Convertible Bonds" issued by the Indian Petrochemicals Corporation Limited, Vadodara, ...

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Notification No. S.O.670-Income Tax Dated 12/1/1988

Notification No. S.O.670-Income Tax (12/01/1988)

Notification No. S.O.670-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the "13 per cent. Secured Redeemable Non-Convertible ('A' Series) HPF Bonds" issued by the Hindustan Photo Films Manufacturing Company Ltd.,...

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Notification No. S.O.671-Income Tax Dated 12/1/1988

Notification No. S.O.671-Income Tax (12/01/1988)

Notification No. S.O.671-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the "12.5 per cent. HDFC Bonds, 1997 (B)" issued by the Housing Development Finance Corporation Limited, Bombay, for the purpose of the said...

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Notification No. S.O.672-Income Tax Dated 12/1/1988

Notification No. S.O.672-Income Tax (12/01/1988)

Notification No. S.O.672-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds issued by the Export-Import Bank of India, Bombay, as mentioned in the Table hereto annexed, for the purpose of the said clause ...

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