In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1972, namely
Circular No. 256-Income Tax Sub-section (1) of section 194A requires any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of interest other than “Interest on securities”, to deduct income-tax at the prescribed rate thereon, at the time of credit of such income to the account of the payee or at the
In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Madras Fertilizers Limited, Madras, for the purposes of the said sub-clause.
Circular : No. 255 -Income Tax In continuation of this Department’s Circular : No. 238 [F.No. 275/13/78-IT(B)], dated 28-4-1978 a copy of the draft circular letter setting out the rates at which income-tax and surcharge should be deducted from interest on Government securities after March 31, 1979 is forwarded herewith.
Circular : No. 254-Income Tax I am directed to invite a reference to this Department’s Circular No. 237 [F. No. 275/12/78-IT(B)], dated 15-4-1978 on the above subject Section 194D provides for the deduction of tax at source, at such rates as may be specified in this behalf by the Finance Act of the relevant year, from payments of income by way of insurance commission to a resident,
That the said Centre will furnish the annual return of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose, by 30th April, each year.
That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 31st May each year at the latest in such form as may be laid down and intimated to them for this purpose.
That the institution will furnish annual returns of its scientific research activities to the Council for each such form as may be laid down and intimated to them for this purpose.
It is hereby notified for general information that the instituion mentioned below has been approved by the Indian Council of Agriculture Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
Circular : No. 252 -Income Tax . I am directed to invite a reference to this Ministry’s Circular No. 242 [F.No. 275/10/78-IT(B), dated 7-6-1978. The Finance Act, 1979, inter alia, prescribes the rates at which income-tax is to be deducted during the financial year 1979-80 from income chargeable under the head “Salaries”. An extract of Sub-Paragraph I of Paragraph A of Part III
