"25 March 1996" Archive

Circular No. 739-Income Tax Dated 25-3-1996

Circular No.739-Income Tax 25/03/1996

Circular No.739-Income Tax The Board have considered the representations. Since the amended provisions of section 40(b) have been introduced only with effect from the assessment year 1993-94 and these may not have been understood correctly the Board are of the view that liberal approach may be taken for the initial years. It has been dec...

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Circular No. 738-Income Tax Dated 25-3-1996

Circular No. 738-Income Tax 25/03/1996

Income Tax The industrial furnaces and industrial oil burning equipment are not covered by Part IV of the First Schedule to the Finance Act, 1964....

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