Circular No. 716-Income Tax -
Circular No. 716-Income Tax The Finance Act, 1995, has enlarged the ambit of deduction of tax at source by amending sections 194A and 194C of the Income-tax Act, 1961, and by inserting sections 194J and 194K in the Act. As a result of these changes, deduction of tax at source is also required to be made from...
Circular No. 715-Income Tax -
Circular No. 715-Income Tax Clarifications on various provisions relating to tax deduction at source regarding changes introduced through Finance Act, 1995
The Finance Act, 1995, has enlarged the scope of income-tax deduction at source by making various amendments. In regard to the changes introduced through the Finance Act, 1995, a num...
Circular No. 140/51/95-Central Excise -
Circular No. 140/51/95-CX In this regard it has been represented that football panel kits are unstiched part of inflatable balls and are used exclusively in the manufacture of footballs/ volley balls/ inflatable balls and that there is no other use of the same Accordingly these are classifiable under Chapter 95 as "toys, games and sports...
Circular No. 714-Income tax -
Circular No. 714-Income tax Finance Act, 1995 has amended section 194C dealing with tax deduction at source for carrying out any work by introducing Explanation III therein. By this Explanation, the expression "work" has been defined, inter alia, to also include...
Circular No. 713-Income Tax -
Circular No. 713-Income Tax, dated 2-8-1995 The Finance Act, 1995 has amended the provisions regarding tax deduction at source contained in section 194C of the Income-tax Act. As per the amended provisions, deduction of tax at source is to be made, inter alia, from payments made in respect of contracts for carriage of goods and passengers...
Circular No. 88/95-Custom Duty -
I am directed to draw your attention to the amendments in the Exim policy 1992-97 introduced by the Ministry of Commerce w.e.f. 1.4.1995 in so far as they relate to the EOUE /EPZ schemes. In particular, reference is made to the changes in para 96, 115 and 118 of the exim policy...
Circular No. 139/50/95-Central Excise -
Circular No. 139/50/95-CX The undersigned in directed to say that during the course of briefing regarding a Parliament Question, the Finance Minister expressed concern over mounting arrears of court cases and cases and cases pending before CEGAT and Commissioners (Appeals), and emphasised the need for proper co-ordination and monitoring ...