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Notification No. S.O.11(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 7-year 13 per cent. (Taxable) Secured Redeemable Non-Convertible (Series MB-I) Bonds, issued by the Tourism Finance Corporation of India Limited
Circular No. 623-Income tax Under section 10(10A )(i) of the Income-tax Act, 1961 any payment in commutation of pension received, inter alia, under the Civil Pension (Commutation) Rules of the Central Government, shall not be included while computing the total income of the recipien
Circular No. 622-Income Tax The second proviso to section 32(1)(ii) of the Income-tax Act, 1961, which disallows depreciation on foreign motor cars, is reproduced below
