Notification No.S.O.741(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “MTNL 10-year 9 per cent. (tax free) Secured Redeemable Non-Convertible Telephone Bonds 1989 (3rd Issue)”, issued by the Mahanagar Telephone Nigam Limited, for the purpose of the said item
Circular No. 544-Income Tax The Board has received representations against the taxation of the subsidy granted by the State Governments to producers of feature films in regional languages
Notification No.S.O.736(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “15-year 9 per cent. (tax-free) SCICI Bonds (Series 2)”, issued by the Shipping Credit and Investment Company of India Limited, for the purpose of the said item
This notification contains Amendment (Tenth Amendment) to Income-tax Rules carried out on 13th September, 1989 not reproduced here as it is already contained in the body of the rules itself.
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80-L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “7-year 13 percentage (taxable) HUDCO’s Public Sector Shelter Bonds (Series-III)”, issued by the Housing and Urban Development Corporation, for the purpose of the said clause
Notification No.S.O.694(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “10-year 9% (tax-free) HUDCO’s Public Sector Shelter Bonds (Series-III)”, issued by the Housing and Urban Development Corporation, for the purpose of the said item
That the said Institute will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the Central Board of Direct Taxes, New Delhi, DGIT (Exemption), Calcutta, and the concerned Commissioner of Income-tax.
Provided further that the importer proves to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs in accordance with the Rules of Origin referred to in Article 15 of the said Agreement that the goods in respect of which the benefit of this exemption is claimed are of the origin of the country listed in the said Annexures.
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “7-year 13Percentage (taxable) Secured Redeemable Non-convertible IPCL Bonds”, issued by the Indian Petrochemical Corporation Limited, for the purpose of the said clause.
Provided that the benefit under the said clause shall be admissible in the case of transfer of such bonds, by endorsement or delivery, only if the transferee informs the said Corporation by registered post within a period of sixty days of such transfer.
