Notification No. S.O.3232-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ” 11.5% IDBI Bonds, 2008 (49th Series) “, issued by the Industrial Development Bank of India, Bombay, for the purpose of the said clause
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Krishnamurti Foundation India, Madras , for the purpose of the said sub-clause for the assessment year 1988-89.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Dharmapuram Adheenam, Tanjore Distt., Tamil Nadu , for the purpose of the said sub-clause for the assessment years 1987-88 and 1988-89.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Poondy Parish, Poondy , for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Paramakkavu Devaswom, Trichur for the purpose of the said sub-clause for the assessment years 1987-88 and 1988-89
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Swami Ramananda Tirtha Memorial Committee, Hyderabad, for the purpose of the said sub-clause for the assessment year 1984-85 to 1988-89.
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Kamakala Kameswarar Devasthanam, Triplicane, Madras, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section on the condition that the temple will maintain separate books of account for this purpose and that the donations received will be utilised exclusively for the renovation of the temple.
Circular No. 522-Income Tax 1. Provisions of sections 40A(3), 269SS and 269T have been amended by Direct Tax Laws (Amendment) Act, 1987 (4 of 1988) and consequently the monetary ceilings prescribed under the aforesaid sections have been raised from Rs. 2,500 to Rs. 10,000, Rs. 10,000 to Rs. 20,000 and Rs. 10,000 to Rs. 20,000, respectively. As per provisions of section 1(2) of the Direct Tax Laws (Amendment) Act, these changes have been made effective from 1-4-1989.
Notification No. S.O.3426-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ” 11.00% Exim Bank Bonds, 2003 (Fifth Series) “, issued by the Export-Import Bank of India, Bombay, for the purpose of the said clause
This notification contains amendment to Income-tax Rules, 1962 carried out on 17th August, 1988 not reproduced here as it is already contained in the body of the Rules itself.
