"23 February 1988" Archive

Notification No. S.O.201(E)-Income Tax Dated 23/2/1988

Notification No. S.O.201(E)-Income Tax (23/02/1988)

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 pu...

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Circular No. 507-Income Tax dated 23-2-1988

Circular No. 507-Income Tax (23/02/1988)

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 hor...

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Circular No. 508-Income Tax dated 23-02-1988

Circular No. 508-Income Tax (23/02/1988)

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....

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Circular No. 510-Income Tax dated 23-2-1988

Circular No. 510-Income Tax (23/02/1988)

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 ...

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Circular No. 509-Income Tax dated 23-2-1988

Circular No. 509-Income Tax (23/02/1988)

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...

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Notification No. S.O.203(E)-Income Tax, Dated: 23.02.1988

Notification No. S.O.203(E)-Income Tax (23/02/1988)

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 sai...

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