Income Tax - Page 2475

Circular No. 53-Income Tax dated 11-01-1971

Circular No. 53-Income Tax (11/01/1971)

Circular No. 53-Income Tax In pursuance of regulation 42 of the Unit Trust of India General Regulations, 1964, and in supersession of the Notification No. UT/120/Secy. 52/80-81, dated January 3, 1981, and published in the Gazette of India, dated January 3, 1981, in Part III, section 4, the Board of Trustees of the Unit Trust of India...

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Notification: S.O.692 Date of Issue: 31/12/1970

Notification: S.O.692 (31/12/1970)

In exercise of the powers conferred by sub-section 2(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Krishna Temple, Guruvayur, to be a place of public worship of renown for the purposes of the said section ...

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Declaration as a Company U/S 2(17) of the I.T. Act, 1961

Circular No. 50—CBDTs letter No. 60/26/67-II(AI) (31/12/1970)

For declaration of an association as a Company u/s 2(17) of Income-tax Act, 1961, the Board laid down the following criteria :— (i) The applicant should be a legal person according to the laws of the country in which it is incorporated; and (ii) The applicant should possess the ordinary characteristics of company limited by shares...

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Circular No. 52-Income Tax dated 30-12-1970

Circular No. 52-Income Tax (30/12/1970)

Circular : No. 52 -Income Tax Under section 11(1), as amended by the Finance Act, 1970, income derived from property held under trust for charitable or religious purposes is exempt from income-tax only to the extent such income is actually applied to such purposes during the previous year itself or within three months next following. ...

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Notification: S.O.313 Date of Issue: 26/12/1970

Notification: S.O.313 (26/12/1970)

Notification S.O.313 - Institute for Financial Management and Research, Madras - It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research...

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Circular No. 51-Income Tax dated 23-12-1970

Circular No. 51-Income Tax (23/12/1970)

Circular No. 51-Income Tax Reference is invited to paragraph 21 of the Board’s Circular No. 45, dated 2-9-1970 which explains the scope and ambit of section 13 as substituted by the Finance Act, 1970...

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Notification: S.O.4001 Date of Issue: 16/12/1970

Notification: S.O.4001 (16/12/1970)

This notification contains amendments to Income-tax Rules carried out on 16th December, 1970 not reproduced here as it is already contained in the body of the rules itself ...

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Notification: S.O.3951 Date of Issue: 25/11/1970

Notification: S.O.3951 (25/11/1970)

Notification: S.O.3951 The Association of Otolaryngologists of India, Bombay has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, (43 of 1961) :...

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Notification: S.O.3769 Date of Issue: 18/11/1970

Notification: S.O.3769 (18/11/1970)

Notification: S.O.3769 This notification contains amendments to Income-tax Rules carried out on 18th November, 1970 not reproduced here as it is already contained in the body of the rules itself...

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Circular No. 49-Income Tax dated 16-11-1970

Circular No. 49-Income Tax (16/11/1970)

Circular No. 49-Income Tax Section 288B, introduced by the Finance Act, 1966, provides for rounding off of the amount of tax (including tax deductible at source or payable in advance), interest, penalty, fine or any other sum payable and the amount of refund due under the provi­sions of the Act, to the nearest rupee and for this purpos...

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Latest Income Tax News

Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.

Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.

Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
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