Circular No. 569-Income Tax -
Circular : No. 569-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....
Circular No. 568-Income Tax -
1. Reference is invited to Board’s Circular No. 537, dated 12th July, 1989 wherein the rates of income-tax deduction during the year 1989-90 from payment of income chargeable under the head Salaries under section 192 of the Income-tax Act, 1961 were intimated....
Circular No. 570-Income Tax -
Circular: No. 570-Income Tax Reference is invited to this Department’s Circular No. 540, dated 24-7-1989 wherein the rates at which the deduction of income-tax was to be made during the financial year 1989-90 from payment of income by way of insurance commission under section 194D of the Income-tax Act, 1961 were intimated to you. ...
Circular No. 567-Income Tax -
Circular : No. 567-Income Tax he second proviso to sub-section (1) of section 80L of the Income-tax Act, 1961 was amended by the Finance Act, 1988, to provide that in computing the total income, any income by way of interest on deposits under the notified National Deposit Scheme or dividend received from any Indian company, in the aggrega...
Circular No. 566-Income Tax -
Circular : No. 566-Income Tax Sub-section (5) of section 11 of the Income-tax Act, 1961 specifies the forms and modes of investment or deposit or surplus money by public charitable or religious trusts and institutions as referred to in section 11(2)( b) of the Act. Clause (i) of the said sub-section (5) specifies one of the forms of inve...
Circular No. 565-Income Tax -
Circular : No. 565-Income Tax Attention is invited to this Department’s Circular No. 525, dated 24-11-1988 and No. 535, dated 26-6-1989, wherein the provisions relating to collection of income-tax at source under section 206C of the Income-tax Act in respect of profits and gains from the business of trading in alcoholic liquor, for...
Circular No. 564-Income Tax -
Circular : No. 564-Income Tax Under the provisions of section 80HHC of the Income-tax Act, 100 per cent deduction is allowed to exporters in respect of profits derived from export of goods or merchandise. As a measure to provide incentive to supporting manufacturers selling goods or merchandise to an Export House/Trading House for export,...