"August, 1994" Archive

Notification No. S.O.635(E)-Income Tax Dated 30/8/1994

Notification No. S.O.635(E)-Income Tax 30/08/1994

Notification No. S.O.635(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 years-16.5 % (taxable) Secured Redeemable (Xth Series Issue) Bonds bearing serial Numbers J00000001 to J01875000 of rupees one t...

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Circular No. 689-Income tax dated 24-8-1994

Circular No. 689-Income tax 24/08/1994

Circular No. 689-Income tax owSection 143(1)(a) authorises, with effect from assessment year 1989-90, inter alia, disallowance of any loss carried forward, deduction, allowance or relief claimed which, on the basis of information available in the return or the accompanying accounts or documents, isprima facie inadmissible...

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Circular No. 688-Income tax dated 23-8-1994

Circular No. 688-Income tax 23/08/1994

Circular No. 688-Income tax A doubt has been raised whether graduate or post-graduate courses in architecture would be covered as a branch of engineering for the purpose of the tax concession under section 80E of the Income-tax Act....

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Circular No. 687-Income tax dated 19-8-1994

Circular No. 687-Income tax 19/08/1994

Circular No. 687-Income tax Kisan Vikas Patras were introduced on 1st April, 1988. The Department of Economic Affairs, Ministry of Finance, in its notifications dated 23-3-1988, 16-12-1991, 24-4-1992 and 2-9-1993 had specified the amount payable on these after 2½ years and up to the date of maturity. However, interest and maturity amount...

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Extending the benefit of Notification No. 1/93-CE to branded elastic tapes – clarification – Regarding

Circular No. 50/50/94-Central Excise 19/08/1994

Circular No. 50/50/94-CX It has been brought to the notice of the Board that divergent practices are being followed in different Collectorates in extending the benefit of Notification No. 1/93-CE to branded elastic tapes. The brand name or logo of the customer is reported to be woven in the tape by the manufacturers....

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Notification No. S.O.600(E)-Income Tax Dated 19/8/1994

Notification No. S.O.600(E)-Income Tax 19/08/1994

Notification No. S.O.600(E)-Income Tax In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent. of the average rise in the Consumer Price Index for urban non-manual employees, hereby specifies the Cost Inflat...

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Circular No. 686-Income Tax dated 12/8/1994

Circular No. 686-Income Tax 12/08/1994

Circular No. 686-Income Tax Reference is invited to Board’s Circular No. 685, dated 20-6-1994 (File No. 275/69/94-ITB) providing for non-initiation of proceed­ings under section 221/276B/271C of the Income-tax Act, 1961 in respect of employers defaulting in deducting tax at source on the salaries and allowances paid abroad or perquisi...

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SEBI : Guidelines for preferential allotments

SMD/SED/94/4692 05/08/1994

Of late it was observed that the promoters of persons for the time being in charge of the management of companies were making preferential allotment of shares etc to a select group of persons , including themselves , at prices unrelated to the prevailing market prices of such instruments. ...

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Circular No. 47/47/94-Central Excise Dated 03/08/94

Circular No. 47/47/94-Central Excise 03/08/1994

Circular No. 47/47/94-CX I am directed to refer Board's Circular No. 16/92-CX.6 (F.No. 208/59/92-CX.6) dated 12.11.1992 wherein instructions were issued to the effect that Central Excise Officers were to allow a period of three months from the date of decision for payment of dues adjudged before resorting to coercive measures to recover ...

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