Notification No. S.O.175(E)-Income Tax The Central Government, having regard to the extent of inconvenience likely to be caused to the International Air Transport Association approved air travel agents and air cargo agents, being residents, and being satisfied that it will not be prejudicial to the interests of the revenue, in exercise of the powers conferred by clause (a) of
Circular No. 627-Income tax Section 5(1)(xxa ) of the Wealth-tax Act, 1957 provides for exemption from wealth-tax in respect of value of equity shares in any company of the type referred to in clause (d) of section 45 which is established with the main object of carrying on the business of manufacture or production of any one or more of the articles or things specified in the list in the Ninth Schedule to the Income-tax Act, where such shares form part of the initial issue of equity share capital made by the company after the 28th day of February,
Circular No. 626-Income tax Please refer to Board’s Circular No. 617, dated 22-11-1991 regarding deduction of tax at source from interest other than ‘interest on securities’ under section 194A of the Income-tax Act with particular reference to the new provisions in relation to deduction of tax from interest on time deposits with banks.
Circular No. 625-Income tax. Reference is invited to Board’s Circular No. 607, dated 4-7-1991 conveying Board’s decision that the TDS certificates issued by tax deductors in the old (unified) Form No. 16 would continue to be accepted by the Income-tax Department in lieu of the new Form No. 16B, till 31-12-1991.
Notification NO. S.O.114(E)-Income Tax The Central Government having regard to the extent of inconvenience likely to be caused to the persons specified in the Schedule annexed herewith being residents, and being satisfied that it will not be prejudicial to the interests of the Revenue, in exercise of the powers conferred by clause (a) of sub-section (2) of section 194H of the Income-tax
Notification No. S.O.94(E)-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 269UB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. S.O. 392(E), dated 31st May, 1989
Notification No. S.O.95(E)-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 269UB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. S.O. 684(E), dated 24th September
Notification No. S.O.72(E)-Income Tax In pursuance of clause (vi) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Certificates/Deposit Schemes mentioned in the Table given below for the purpose of the said clause
Circular No. 624-Income tax The issue whether sale of goods to foreigners in shops or other establishments situated in India is “export”, has been a subject-matter of considerable litigation. The Department’s view, all along, has been that such sales over the counters within India do not constitute exports and, therefore, are not eligible for the tax concession under section 80HHC
Notification No. S.O.57(E)-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 10-year 9 per cent. (Tax-free) Secured Redeemable Non-Convertible Railway Bonds (Sixth “B” Series) of Rs. 1,000 each, issued by the Indian Railway Finance Corporation Limited, New Delhi, for the purpose of the said item
