Circular : No. 142-Income Tax The Board had occasion to consider whether the amount of subsidy received under 10 per cent Central Outright Grant of Subsidy Scheme for industrial units to be set up in certain selected backward districts/areas would constitute revenue receipt or capital receipt in the hands of the recipient for the purpose of income-tax.
Notification: S.O.1833 It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research, the prescribed authority for th
Circular: No. 141 -Income Tax Attention is invited to Board’s Circular No. 3 [F.No. 16/5/69-IT(Coord)], dated 11-2-1969. In para 5 of the above referred circular, it was stated that the date of tax payment would be the date on which the proceeds of the cheque were realised and credited to the Government amount.
Notification: S.O.2229-684 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 Shree Wadakkunnathan Temple, Trichur
Notification: S.O.2479 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 the Maharashtra State Textile Corporation Ltd., Vashani Chambers,
Notification: S.O.1980 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
Notification: S.O.144 (a) a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949, (10 of 1949) ; (b) the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955) ;
Notification: S.O.1979 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 Krishna Janam Bhoomi Trust, Mathura, to be of historic importance and to be place of public worship of renown throughout the State of Uttar Pradesh for the purposes of the said section
Circular : No. 140 -Income Tax Reference is invited to the Board’s Circular No. 124 [F. No. 167/231/72-IT(A-I)], dated 13-11-1973 [Annex II]. Paragraph 2 of the said circular contains the guidelines which had then been evolved by the Board for the grant of its approval to agreements for the purpose of section 80MM. These guidelines have since been reviewed and modified. The revised guidelines are as follows
Notification: S.O.2228-669 (iii) they are issued subject to the condition that for a period of one year from the date of issue, they cannot be transferred to any person other than an individual ; and (iv) they carry interest at a rate not exceeding 8-1/2 per cent. per annum
