"October, 1989" Archive

Notification No. S.O.1201-Income Tax, Dated: 31.10.1989

Notification No. S.O.1201-Income Tax (31/10/1989)

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 The Rajasthan Police Personnel Welfare Trust, Jaipur for the purpose of the said sub-clause for the assessment year 1988-89 and 1989-90....

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Circular No. 549-Income Tax Dated 31-10-1989

Circular No. 549-Income Tax (31/10/1989)

CIRCULAR NO. 549-Income Tax A new scheme relating to assessment of partnership firms has been introduced by the Direct Tax Laws (Amendment) Act, 1987 [hereinafter referred to as the DTL(A) Act, 1987] to be effective from 1-4-1989, i.e., from the assessment year 1989-90....

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Notification No. S.O.1200-Income Tax, Dated: 27.10.1989

Notification No. S.O.1200-Income Tax (27/10/1989)

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 Indira Gandhi National Centre for Art, New Delhi for the purpose of the said sub-clause for the assessment year 1989-90....

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Circular No. 548-Income Tax dated 27-10-1989

Circular No. 548-Income Tax (27/10/1989)

Circular: No. 548-Income Tax . Rules 11 and 12 of the Third Schedule to the Wealth-tax Act lay down the manner of computing the value of unquoted equity shares on the basis of the balance-sheet of a company. The Explanation to rule 11 provides that for purposes of this rule, "balance-sheet" in relation to any company will be the balance-...

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Notification No. S.O.900-Income Tax, Dated: 26.10.1989

Notification No. S.O.900-Income Tax (26/10/1989)

It will submit to the (a) Director-General (Income-tax Exemptions), (b) Secretary, Department of Scientific and Industrial Research, and (c) Commissioner of Income-tax/Director of Income-tax (Exemptions) having jurisdiction over the organisation, by the 30th June, each year, a copy of its audited annual accounts showing its income and exp...

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Notification No. S.O.850(E) – Income Tax Dated 25/10/1989

Notification No.S.O.850(E) - Income Tax (25/10/1989)

Notification No.S.O.850(E) - Income Tax In exercise of the powers conferred by sub-clause (ia) of clause (h) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Home Loan Account Scheme of the National Housing Bank established under section 3 of the National Housing Bank...

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Notification No. S.O.847(E)-Income Tax, Dated: 24.10.1989

Notification No. S.O.847(E)-Income Tax (24/10/1989)

In exercise of the powers conferred by sub-clause (iid) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), Central Government hereby notifies the NRI Bonds, 1988 issued by the State Bank of India, a bank established under section 3 of the State Bank of India Act, 1955 (23 of 1955), for the purposes of the aforesaid sub...

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Circular No. 547-Income Tax dated 18-10-1989

Circular No. 547-Income Tax (18/10/1989)

Circular : No. 547-Income Tax Attention is invited to the Board’s Circular No. 385C dated 3-7-1984 laying down the procedure regarding taxation under the W.T. Act of assessees in respect of their properties left in erstwhile East Pakistan after Indo-Pak conflict of 1965 and the relief granted to them in respect of such properties...

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Summons should not be used for harassing top management

F No. 208/122/89-CX.6 (13/10/1989)

F. No 208/122/89-CX.6 dated 13.10.1989 Complaints have been received from the trade that in some of the Collectorates summons under Section 14 of the Central Excises and Salt Act, 1944 are being issued to the Managing Directors and other high officers with a view to enforce recovery of dues which are under dispute. ...

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Notification No. S.O.803(E) – Income Tax Dated 11/10/1989

Notification No.S.O.803(E) - Income Tax (11/10/1989)

Notification No.S.O.803(E) - Income Tax In exercise of the powers conferred by clause (iii) of the Explanation to sub-clause (viia) of clause (6) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the field of "cookery" for the purposes of the said sub-clause (viia)...

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