Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!
Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!
Notification No. S.O.201(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) to section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the ” 7-year–IPCL 13% Secured Redeemable Non-Convertible Bonds “, issued by the Indian Petrochemicals Corporation Limited, for the purpose of the said clause
Circular : No. 507-Income Tax I am directed to invite reference to this Department’s Circular No. 485, dated 27-5-1987 [Clarification 1] on the above subject and wherein the rates at which deduction of tax under sections 194B and 194BB to be made during the financial year 1987-88 from winnings from lottery or crossword puzzles or horse races were communicated to you.
Circular No. 508-Income Tax I am directed to invite a reference to this Department’s Circular No. 426 [F. No. 275/32/85-IT(B)], dated 24-7-1985 wherein the rates at which the deduction of income-tax was to be made during the financial year 1985-86 from payments of income by way of insurance commission under section 194D were intimated.
Circular: No. 510-Income Tax I am directed to say that the rates at which tax is to be deducted at source under section 194A by persons who are responsible for paying to a resident any income by way of interest other than income chargeable under the head “Interest on securities” are given in Part II of the First Schedule to the Finance Act, 1987.
Circular : No. 509-Income Tax I am directed to say that according to the provisions of section 194, the principal officer of an Indian company or a company which has made the prescribed arrangements for the declaration and payment of dividends including dividends on preference shares within India shall, before making any payment in cash or before issuing
In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 10-year–9% (Tax-free) Secured Redeemable REC Bonds (15th Series), 1997 , issued by the Rural Electrification Corporation Limited, for the purpose of the said clause.
