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Circular No. 474-Income Tax Extension of period of amnesty scheme under the Income-tax and Wealth-tax Act—1. Taxpayers are aware that the Government has through the following circulars, issued from time to time, offered a scheme of amnesty under the Income-tax and Wealth-tax Acts
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Rajasthan Police Personnel Welfare Trust, Jaipur ” for the purpose of the said clause for the assessment years 1986-87 to 1987-88.
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.
It is hereby notified for general information that the approval granted to the following Institution under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue) Notification No. 3831 F. No. 203/7/81-ITA. II dated 4-2-1981 is hereby withdrawn with effect from 6-1-1981.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Spastics Society of Eastern India for the purpose of the said clause for the assessment years 1986-87 to 1988-89.
That the said Society 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.
That the said Society will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April, each year.
Notification No. S.O.4184-Income Tax This Notification contains Corrigendum to Income-tax Act, 1961 carried out on October 30, 1986 not reproduced here as it is already contained in the body of the Act itself.
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.
In exercise of the powers conferred by clause (17) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Constituency Allowance of Rupees twelve hundred and fifty per month received by the Members of Parliament under the Members of Parliament (Constituency Allowance) Rules, 1986, for the purposes of the said clause.
