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In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notified Missionary Evangelism Society, Kholapur, for the purpose of the said section for and from the assessment year(s) 1972-73.
That the institute shall send an annual report to the Indian Council of Social Science Research, New Delhi, showing the funds collected under the exemption and the manner in which the funds were utilised.
This notification contains Corrigendum to Income-tax Act, 1961 carried out on 30th January, 1979 not reproduced here as it is already contained in the body of the Act itself
This notification contains Amendment to Income-tax (Amendment) Rules, 1979 carried out on 30th January, 1979 not reproduced here as it is already contained in the body of the rules itself.
Income Tax The Income-tax Officers ask the assessees to pay tax on their Indian income at the rate applicable to the total income which includes income arising in Pakistan. Thus, if the Indian income is Rs. 10,000 and the Pakistan income is Rs. 1,00,000, the assessee is required to pay several times more tax than what he would have been required to pay had there been no income at all in Pakistan.
In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Thanthra Vidya Peedham” for the purpose of the said section for and from the assessment year 1973-74.
That the Central Building Research Institute, Roorkee, will maintain a separate account of the sums received by it for scientific research in the field of natural or applied sciences (other than agricultural/animal husbandry/fisheries & medicines).
The National Dairy Research Institute, Karnal, stands approved under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue) Notification No. 2579 (F. No. 203/56/78-ITA. II) dated 15th November, 1979).
In continuation of this department’s Notification No. 2453, dated 2-8-78, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricultural Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
That the institution will maintain a separate account of the amounts received and expenditure incurred for this research project as distinct from the other expenditure of S.M.S. Medical College & Hospital, Jaipur.
