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Circular No. 148 – Income Tax The President promulgated the Compulsory Deposit Scheme (Income-tax Payers) Ordinance, 1974 on 17-7-1974 to provide for compulsory deposits by certain categories of income-tax payers in the higher income brackets. This Ordinance has since been replaced, with minor modifications, by the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974 (38 of 1974). Under
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 Anjaneya Swami Temple, Gopichettipalayam, Coimbatore Dt., Tamil Nadu, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.
This notification contains Amendment (Fifth Amendment) to Income-tax Rules carried out on November 2, 1974 not reproduced here as it is already contained in the body of the Rules itself
Circular: No. 147 -Income Tax Under the provisions of section 192, any person responsible for paying any income chargeable under the head “Salaries” is required at the time of payment to deduct income-tax from the amount payable. In any case where an employee claims that his salary is not chargeable to income-tax and, therefore, no income-tax should be deducted at source from the salary receivable by him, the employer
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 Sri Dhandayuthapani Swami Temple, Palani, Madurai Dist., Tamil Nadu, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.
Notification S.O.3387 dated 26/10/1974 designates Gujarat Research Society, Bombay, approved by Indian Council of Medical Research, for research purposes under Income Tax Section 35(1)(ii)
It is hereby notified for general information that the Institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, for a period of three years with effect from 1st April, 1974, and subject to the con
Notification: S.O.3138 In exercise of the powers conferred by section 80R of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the institution mentioned below for the purposes of the said section.
This notification contains Amendment (Fourth Amendment) to Income-tax Rules carried out on October 17, 1974 not reproduced here as it is already contained in the body of the Rules itself
It is hereby notified for general information that the Ministry of Finance (Department of Revenue & Insurance) makes the following amendment with effect from 14th March, 1974, in its earlier Notification No. 63 (F. No. 10/83/61-ITA-I) dated 29th September, 1962.
