"22 February 1990" Archive

Circular No. 555-Income Tax dated 22-02-1990

Circular No. 555-Income Tax (22/02/1990)

Circular No. 555-Income Tax The Act provides for the levy of a surcharge at the rate of 2.5 per cent on advance tax payable under the Income-tax Act by all companies during the financial year 1971-72. The amount of the surcharge is required to be paid by companies on their own motion, without the requirement of the service of any notice o...

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