Circular : No. 580-Income Tax . Under section 10(23C)(iv) and (v) of the Income-tax Act, income received by certain charitable and religious funds, trusts and institutions is exempt from tax if the conditions specified for this purpose are satisfied. One such condition, as laid down in the third proviso to section 10(23C), is that the fund
Circular : No. 579-Income Tax Reference is invited to this Department’s Circular No. 543, dated 31-8-1989 on the above subject wherein a request was made for issuing necessary instructions to all the Treasury Officers, etc., for making deduction of income-tax at source from the payment of interest on Government securities for the financial year 1989-90.
