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Archive: 20 August 1992

Posts in 20 August 1992

Notification No. S.O.628(E)-Income Tax Dated 20/8/1992

August 20, 1992 375 Views 0 comment Print

Notification No. S.O.628(E)-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 10-year 9 per cent. (tax-free) Secured Redeemable Non-Convertible Bonds (Series 1 Issue 1992), issued by the National Power Transmission Corporation Limited

Notification No. S.O.629(E)-Income Tax Dated 20/8/1992

August 20, 1992 192 Views 0 comment Print

Notification No. S.O.629(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-clause (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 7-year (taxable) Secured Redeemable Non-convertible Bonds (Series 1 Issue 1992), issued by the National Power Transmission Corporation Limited, for the purpose of the said clause

Circular No. 633-Income tax dated 20-8-1992

August 20, 1992 276 Views 0 comment Print

Circular No. 633-Income tax Reference is invited to the Board’s Circular No. 614, dated 14-11-1991 wherein the rates at which the deduction of income-tax at source was to be made during the financial year 1991-92, from payment of income by way of insurance commission, under section 194D of the Income-tax Act, 1961, were communicated

Circular No. 634-Income tax dated 20-8-1992

August 20, 1992 381 Views 0 comment Print

Circular No. 634-Income tax Attention is invited to the Board’s Circular No. 620, dated 6-12-1991 regarding 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, forest produce, etc., during the financial year 1991-92

Circular No. 632-Income tax dated 20-8-1992

August 20, 1992 345 Views 0 comment Print

Circular No. 632-Income tax According to the provisions of section 194C of the Income-tax Act, 1961, any person responsible for paying any sum to any resident contractor for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and the bodies specified therein shall,

Circular No. 635-Income tax dated 20-8-1992

August 20, 1992 369 Views 0 comment Print

Circular No. 635-Income tax Part C of Schedule III to the Wealth-tax Act, 1957 contains rules for determining value of shares in or debentures of companies. However, the above Part C of Schedule III is omitted by the Finance Act, 1992 with effect from 1-4-1993.

Circular No. 631-Income tax dated 20-8-1992

August 20, 1992 429 Views 0 comment Print

Circular No. 631-Income tax Reference is invited to the Board’s Circular No. 616, dated 22-11-1991 on the above mentioned subject wherein the rates at which the deduction of tax under sections 194B, 194BB and 194G of the Income-tax Act, 1961 was to be made during the financial year 1991-92, from winnings from lotteries, crossword puzzles, horse races and from commission, etc., paid on sale of lottery tickets, were communicated

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