Circular No. 696-income tax -
Circular No. 696-income tax It has come to the notice of the Board that some employers are not correctly evaluating the perquisites, allowances or other profits in lieu of or in addition to any salary of wages (referred to as "salaries" hereinafter) paid to their employees for the purpose of deducting tax at source under section 192 of th...
Circular No. 697-Income tax -
Circular No. 697-Income tax Board had recently prescribed the form of challans with three counterfoils for payment of advance tax and self-assessment tax. Some problems have been reported in the implementation of the above decision. It has been reported that banks receiving payment of tax are retaining two counterfoils and returning onl...
Circular No. 83/83/94-Central Excise -
Circular No. 83/83/94-CX This Ministry has received a reference from the Ministry of Petroleum and Natural Gas seeking clarification whether mixing of duty paid methanol to the extent of 3% with 97% of duty paid motor sprit amounts to "Manufacture" within the meaning of Section 2(f) of the Central excises and Salt Act, 1944....
Notification No. 196/94-Customs -
The depreciation in respect of goods covered by clause (a) shall be allowed for the period from the date of commencement of commercial production of the unit or where such goods have been imported after such commencement, from the date such goods have come into use for commercial production, upto the date of payment of duty....
Notification No. S.O.880(E)-Income Tax -
Notification No. S.O.880(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 specifies the 10th Series Issue, Five Years--14.5 per cent. (Taxable) Secured Redeemable Non-Convertible Telephone Bonds bearing distinctive numbers fr...
Notification No. S.O.874(E)-Income Tax -
Notification No. S.O.874(E)-Income Tax In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies CRB Mutual Fund authorised by the Securities and Exchange Board of India and registered in accordance with the Securities and Exchange Board of India (Mu...
Circular No. 82/82/94-Central Excise -
Circular No. 82/82/94-CX Domestic Flour Mills are of two types viz. stoneless type and stone type. In stone type domestic flour mill, there is a cabinet made by joining the pieces of plywood. In this cabinet, parts like upper hub, lower hub, hopper for storing grains during milling, alongwith devices for regulating grain inlet, a pair of...