Circular : No. 4-Income Tax Under section 9(1)(iii ), pension accruing abroad is taxable in India only if it is earned in India. Pensions received in India from abroad by pensioners residing in this country, for past services rendered in the foreign countries, will be income accruing to the pensioners abroad, and will not, therefore
Notification: S.O.625 This Notification contains amendment to Income-tax (Second Amendment) Rules, 1969 carried out on 14th February, 1969 not reproduced here as it is already contained in the body of the Rules itself.
Notification: S.O.624 This Notification contains amendment to Income-tax (Amendment) Rules, 1969 carried out on 14th February, 1969 not reproduced here as it is already contained in the body of the Rules itself.
CIRCULAR NO. 3-Income Tax Up to March 31, 1976, income-tax and other direct taxes were collected mainly by the Reserve Bank of India and by some of the branches of the State Bank of India or subsidiaries of the State bank conducting Government business. Because of the restricted number of points at which payment of direct taxes could be made, the taxpayers were put to considerable inconvenience.
Circular : No. 2-Income Tax In Board’s Circular No. 2-P(XXXIV-4) of 1966, dated 16-5-1966, instructions were issued that where Government securities are registered in the name of a banking company, tax should be deducted at source from the interest at the “rates in force” applicable to the banking company irrespective of the status of the beneficial owner of the securities.
Circular : No. 1-Income Tax Under the existing instructions, the Wealth-tax Officers do not allow the exemption under section 5(1)(iv), in the cases of members of co-operative societies of the tenant co-partnership type, on the ground that the legal ownership over the flats vests with the society and not with the individual members.
Notification: S.O.542 Sri Tirukachinambigal and Sri. Varadarajaperumal Devasthanam, Poonamllee (Madras) Central Government hereby notifies the under-mentioned temple to be a place of public worship of renown throughout the State of Madras for the purpose of the said section.
Where the market price of the notified goods sold or transferred has not depreciated on account of use to less than two-thirds of their market price, if they are new, the particulars of the permission given by a gazetted officer of Customs authorising the sale or transfer of the notified goods, or the number and date of the order passed by such officer evidencing clearance of such goods by the Customs on payment of fine in lieu of confiscation.
Notification No. 6-Cus., dated 3rd January,1969 as amended by Notification No.13-Cus, dated the 11th January 1969, No.20-Cus., dated 10th January,1969., No.130-Cus., dated 6th September,1969 and No.31/90(N.T.)-Cus., dated 8-6-1990.
It is hereby notified for general information that the institution mentioned below has been approved by the Council of Sceintific and Industrial Research, the “prescirbed authority” for
