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Archive: 23 March 1995

Posts in 23 March 1995

Join 2 Day Live Practical GSTAT Appeal Workshop

December 6, 2025 11709 Views 0 comment Print

A practical two-day GSTAT workshop equips professionals with drafting, presentation, and procedural skills to excel in GST appellate practice.

Circular No. 700-Income tax dated 23-3-1995

March 23, 1995 591 Views 0 comment Print

Circular No. 700-Income tax Section 80-O of the Income-tax Act, 1961, provides for a deduc­tion of 50% from the income of an Indian resident by way of royalty, commission, fees or any similar payment from a Foreign Government or enterprise

Circular No. 701-Income Tax dated 23-3-1995

March 23, 1995 496 Views 0 comment Print

Circular No. 701-Income Tax As per sub-clauses (iiia) and (iiib) of section 2(24), read with section 17, of the Income-tax Act, 1961, any allowance, by what­ever name called, given by the employer to the employee, is taxable as income in the hands of the employee. All allowances including Dearness Allowance, Additional Dearness Allowance, City Compensatory Allowance, House Rent Allowance, Meal Allowance

Duty free imports of components of capital Goods

March 23, 1995 442 Views 0 comment Print

Kindly refer to notification No. 73/ 95-Customs dated 16th March, 1995 which amends Notification No. 161/92-Customs dated 20th April, 1992

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