Circular No. 627-Income tax -
Circular No. 627-Income tax Section 5(1)(xxa ) of the Wealth-tax Act, 1957 provides for exemption from wealth-tax in respect of value of equity shares in any company of the type referred to in clause (d) of section 45 which is established with the main object of carrying on the business of manufacture or production of any one or more of ...
Circular No. 626-Income tax -
Circular No. 626-Income tax Please refer to Board’s Circular No. 617, dated 22-11-1991 regarding deduction of tax at source from interest other than ‘interest on securities’ under section 194A of the Income-tax Act with particular reference to the new provisions in relation to deduction of tax from interest on time deposits with ba...
Circular No. 625-Income tax -
Circular No. 625-Income tax. Reference is invited to Board’s Circular No. 607, dated 4-7-1991 conveying Board’s decision that the TDS certificates issued by tax deductors in the old (unified) Form No. 16 would continue to be accepted by the Income-tax Department in lieu of the new Form No. 16B, till 31-12-1991....
Notification NO. S.O.114(E)-Income Tax -
Notification NO. S.O.114(E)-Income Tax The Central Government having regard to the extent of inconvenience likely to be caused to the persons specified in the Schedule annexed herewith being residents, and being satisfied that it will not be prejudicial to the interests of the Revenue, in exercise of the powers conferred by clause (a) of ...