That the said Institute will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax.
Circular No. 444-Income Tax Attention is invited to rule 67(2)(iv) [as stood before its substitution by the Third Amendment Rules, 1986 with effect from 1-4-1986] of the Income-tax Rules, 1962 which, inter alia, provided that the recognised provident, superannuation and gratuity funds can make investment in the Central Government Special Deposit Scheme up to an amount not exceeding 30 per cent of the investible moneys
Circular No. 443-Income Tax Whereas the Central Government is of opinion that circumstances are such that relief should be given, in addition to the reliefs provided in sub-section (1) of section 33 of the Estate Duty Act, 1953 (34 of 1953), in respect of the following class of property, namely, any property in respect of which a bequest has been made in favour of a University or other educational institution
That the said Association will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
Circular No. 442-Income Tax In supersession of all the previous notices issued by this Ministry regarding appointment of valuers under section 4(3) of the Estate Duty Act, 1953, it is notified for general information that the Central Government proposes to appoint persons as valuers under section 4(3) of the Estate Duty Act, 1953, for different categories of assets and to fix a scale of charges for their remuneration.
It is hereby notified for information that the approval granted under section 35(1)(ii) of the Income-tax Act, 1961, to the Indian Medical Research and Society, Bombay vide Ministry of Finance (Department of Revenue & Insurance) Notification No. 203 (F. No. 203/12/71-ITA. II) dated 1-7-1971, is hereby restricted up to 31-12-1985.
Notification No.S.O.5651- Income Tax In exercise of the powers conferred by clause (iiia) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies all the securities of the Central Government and a State Government, the interest on which is payable to any nationalised bank, that is to say, a corresponding new bank as defined in section 2 of the Banking Companies
That the said Association will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
