Circular No.399 – Income Tax The Estate Duty (Amendment) Bill, 1984 as passed by the Parliament, received the assent of the President on August 23, 1984, and has been enacted as Act No. 53 of 1984. This circular explains the substance of the provisions contained in the Estate Duty (Amendment) Act, 1984
Circular No. 396 – Income Tax In exercise of the powers conferred by sub-section (2) of section 33 of the Estate Duty Act, 1953 (34 of 1953), the Central Government hereby directs that where any gold, gold coin or gold ornament, forming part of the estate of a deceased person, is tendered within six months of the date of the death of the deceased,
Circular No.395 – Income Tax The expression “charitable purpose” is defined in section 2(15) to include relief of the poor, education, medical relief and the advancement of any other object of general public utility.
Circular No. 394 – Income Tax and Circular No. 397 – Income Tax 9(1)(i), Expln. Exemption of foreign film producers from taxation of (d) income attributable to shooting of cinematograph films in India 4
Circular No. 393 – Income Tax I am directed to invite a reference to the Board’s Circular No. 368 [F. No. 275/24/83-IT(B)], dated 16-9-1983, wherein you were requested to issue necessary instructions for making deduction of income-tax at source from the payments of “Interest on Government securities” as prescribed in the Finance Act, 1983.
Authentication of Cost Audit Report in cases where a firm of Cost Auditors is approved under U/s 233B (2) of the Companies Act, 1956 for conducting Cost Audit.
Circular No. 392 – Income Tax Section 6 provides that in computing the net wealth of (a) an individual or a Hindu undivided family not resident in India or resident but not ordinarily resident in India, or (b) a company not resident in India, during the year ending on the valuation date, the value of assets and debts located outside India should be excluded.
Circular No. 390 – Income Tax I am directed to invite a reference to the Board’s Circular No. 365 [F. No. 275/22/83-IT(B)], dated 20-7-1983, wherein you were requested to issue necessary instructions for making deduction of income-tax at source from the “winnings from lottery or crossword puzzle”, at the rates given in Part II of the First Schedule to the Finance Act, 1983.
Circular No. 391 – Income Tax I am directed to invite a reference to this Department’s Circular No. 361 [F. No. 275/25/83-IT(B)], dated 10-6-1983, wherein the rates at which the deduction of income-tax was to be made during the financial year 1983-84 from payments of income by way of insurance commission under section 194D, were intimated.
Circular No. 389 – Income Tax I am directed to invite a reference to this Department’s Circular No. 366 [F. No. 275/23/83-IT(B)], dated 20-7-1983, on the above subject, wherein the rates at which deduction of tax under section 194BB to be made during the financial year 1983-84 from winnings from horse races were communicated.
