"October, 1990" Archive

Circular No. 582-Income Tax dated 23-10-1990

Circular No. 582-Income Tax 23/10/1990

Circular : No. 582-Income Tax Vide Circular No. 422, dated 19th June, 1985 (Clarification 2), the Board had directed that the penalty proceedings under section 271B of the Income-tax Act, leviable for non-compliance of the provisions of section 44AB of the Act, should not be initiated for the assessment year 1985-86 in cases where...

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Circular No. 583-Income Tax dated 23/10/1990

Circular No. 583-Income Tax 23/10/1990

Circular No.583 - Income Tax The President has promulgated an Ordinance (No. 8 of 1990) on 15-10-1990. The Ordinance is named as the Finance (Second Amendment) Ordinance, 1990. The Ordinance has come into force at once. By this Ordinance, section 2 of the Finance Act, 1990 (No. 12 of 1990) and Parts II and III of the First Schedule to ...

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