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Archive: July, 1989

Posts in July, 1989

Notification No. S.O.546(E) – Income Tax Dated 13/7/1989

July 13, 1989 375 Views 0 comment Print

Notification No.S.O.546(E) – Income Tax 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 “10-year 9% (tax-free) Secured Redeemable Non-Convertible PFC Bonds-III Series”, issued by the Power Finance Corporation Limited, for the purpose of the said item

Circular No. 538-Income Tax Dated 13-7-1989

July 13, 1989 604 Views 0 comment Print

Circular : No. 538-Income Tax Section 54 of the Income-tax Act provides for exemption in respect of capital gain arising from the transfer of a long-term capital asset, being a residential house, the income of which is chargeable under the head ‘Income from house property’ if the conditions laid down in the said provision are fulfilled

Circular No. 539-Income Tax dated 13-7-1989

July 13, 1989 378 Views 0 comment Print

Circular : No. 539-Income Tax

Circular No. 537-Income tax dated 12-7-1989

July 12, 1989 1485 Views 0 comment Print

Circular : No. 537-Income tax . Reference is invited to this Ministry’s Circular No. 517, dated 16-6-1988 and Circular No. 527, dated 9-12-1988 wherein the rates of income-tax deduction during the year 1988-89 from payment of income chargeable under the head “Salaries” under section 192 of the Income-tax Act,1961, etc., were intimated

Notification No.S.O.2094-Income Tax, Dated: 07.07.1989

July 7, 1989 253 Views 0 comment Print

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 Shri Durgiana Committee, Amritsar, for the purpose of the said sub-clause for the assessment year 1989-90.

Notification No. S.O.2095-Income Tax, Dated: 07.07.1989

July 7, 1989 211 Views 0 comment Print

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 the Franciscan Missionaries of Mary Society No. 11, for the purpose of the said sub-clause for the assessment years 1985-86 to 1987-88.

Notification No. S.O.533(E)-Income Tax, Dated: 07.07.1989

July 7, 1989 301 Views 0 comment Print

In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely.

Circular No. 536-Income Tax Dated 6-7-1989

July 6, 1989 357 Views 0 comment Print

Circular : No.536-Income Tax Reference is invited to this department’s Circular No. 536, dated 6-7-1989 on the above subject wherein the rates at which deduction of tax under sections 194B and 194BB to be made during the financial year 1989-90, from winnings from lotteries or crossword puzzles or horse races were communicated

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