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INCOME TAX CIRCULARS

3/2008   12-03-2008   Explanatory Notes to the provisions of the Finance Act, 2007

2/2008   22-02-2008   Securities and Exchange Board of India (SEBI) vide Circular No. MRD/DoP/SE/DEP/Cir. 14/2007, dated 20-12-2007

1/2008   10-01-2008   Clarification regarding applicability of provisions of Section 194-I to payments made by the customers on account of cooling charges to the cold storage owners

1/2008   10-01-2008   Clarification regarding applicability of provisions of Section 194-I to payments made by the customers on account of cooling charges to the cold storage owners

23/2007   31-12-2007   Import of Sandalwood

9/2007   20-12-2007   Explanatory circular on Fringe Benefit Tax arising on allotment or transfer of specified securities or sweat equity shares

8/2007   5-12-2007   Income-tax Deduction from Salaries during the financial year 2007-08 under section 192 of the Income-tax Act, 1961

7/2007   23-10-2007   Procedure for refund of tax deducted at source under section 195 to the person deducting the tax section 239 of the Income Tax 1961 Refunds

6/2007   11-10-2007   Allowability of harvesting and transportation expenses in the cases of Co-operative sugar mills

5/2007   26-7-07   New Return Forms for Assessment Year 2007-08 matters connected thereto reg

4/2007   15-6-07   Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinction

3/2007   25-5-07   ACCEPTANCE OF RETURNS OF INCOME/ FRINGE BENEFITS IN PAPER FORM FOR ASSESSMENT YEAR 2007-08 IN CASE OF FIRMS LIABLE TO AUDIT UNDER SECTION 44AB AND COMPANIES

2/2007   21-5-07   OPTION TO CERTIFY TDS CERTIFICATES BY WAY OF DIGITAL SIGNATURES CIRCULAR UNDER SECTION 119 OF THE INCOME-TAX ACT, 1961

1/2007   27-4-07   Taxation Laws (Amendment) Act, 2006 Explanatory Notes on the amendments

14/2006   28-12-2006   Finance Act, 2006 - Explanatory Notes on provisions relating to Direct Taxes

13/2006   13-12-06   Applicability of TDS provisions of section 194 C on Contract for Fabrication of Article or Thing as per Specifications given by the Assessee - Contradiction between Two Circulars of CBDT - Resolution thereof - reg.- Co

12/2006   27-11-2006   New return Form No. 1 for companies for assessment year 2006-07 furnishing of return by representative assessees of non-residents

11/2006   16-11-2006   ncome-tax is required to be deducted under section 192 of the Income-tax Act, 1961 from income chargeable under the head "Salaries" for the financial year 2006-07 (i.e. Assessment Year 2007-08) at the following rates

10/2006   16-10-2006   Filing of Return of Income by the Coffee growers being individuals covered by Rule 7B of the Income tax Rules, 1962 - Clarification regarding

9/2006   10-10-06   New Return Forms for assessment year 2006-07 - Matters connected thereto

8/2006   6-10-06   Clarification regarding the meaning of the expression the produce of animal husbandry used in sub-clause (ii) of clause (f) of rule 6DD of the Income-tax Rules, 1962

7/2006   17-7-06   Clarification regarding deduction of interest under section 43B in view of clarificatory amendments to section 43B through the Finance Act, 2006

6/2006   23-6-06   Re. every person deducting tax in accordance with the provisions of the Act

5/2006   15-5-06   Re. Deduction under section 80HHC of the Income-tax Act, 1961

4/2006   29-03-06   Clarification regarding the meaning of the expression the produce of animal husbandry used in sub-clause (ii) of clause (f) of rule 6DD of the Income-tax Rules, 1962

3/2006   27-02-06   EXPLANATORY NOTES ON THE PROVISIONS OF THE FINANCE ACT, 2005

2/2006   17-1-06   Regarding profits on sale of Duty Entitlement Pass Book Scheme (DEPB) credits or Duty Free Replenishment Certificate (DFRC)

1/2006   12-1-06   Effluent treatment and conveyance system Infrastructure facility u/s 80-IA of the Income-tax Act, 1961

Circular No 2  Dated 12 Jan 2005: Submissions of certificate for claiming deductions u/s. 80G of the Income-tax Act, 1961.

Circular No 1  Dated 6 Jan 2005: Tax holiday under section 10B of the Income-tax Act to 100% Export Oriented Undertaking - Certain clarification - reg

CIRCULARS OF 2004

MID-YEAR REVIEW, December 2004
TDS Circular- Income Tax Deduction from Salaries under section 192 of the I.T Act, 1961 for Financial Year 2004-2005 ... dated 6th December, 2004
Taxability of IT Enabled Business Process Outsourcing (ITESBPO) ... dated 28th Sep, 2004

Taxation of IT enabled Business Process Outsourcing Units in India ... dated 9th Aug, 2004

Introduction of ECS (Credit) for Refunds of Income Tax ... dated 9th March, 2004

Quitting of PAN on Income Tax Returns ... dated 5th March, 2004

Abolition of the requirement of obtaining Income Tax Clearance Certificate (ITCC) by persons entering into commercial contracts. ... dated 10th February, 2004

Operational clarifications on "Guidelines for future development co-operation with bilateral partners"  ... dated 5th January 2004

Taxation of Business Process Outsourcing Units in India. ... dated 2nd January, 2004

CIRCULARS OF 2003

Filing of returns relating to tax deduction at source on computer media. ... dated 18th September, 2003

Finance Act, 2003 - Explanatory Notes on provisions relating to Direct taxes ... dated 5th September, 2003

Section 194H of the Income-tax Act, 1961 - Commission or brokerage - clarifications regarding Turnover Commission payable by RBI to Agency Banks - exemption from TDS ... dated 3rd September, 2003

The cases of certain assessees owing power looms not to be selected for scrutiny assessment ... dated 14th May, 2003

Abolition of the scheme of obtaining Income Tax Clearance Certificate (ITCC) applicable to persons leaving India and those obtaining commercial contracts.

Circular No.1/2003 - Clarification regarding residential status under Indo-Mauritius Double Taxation Avoidance Convention (DTAC)

CIRCULARS OF 2002

Circular No.10/2002, Remittances to a non-residents – deduction of tax at source-Section 195 of the Income Tax Act – Circular No.759 dated 18.11.1997 and Circular No.767 dated 22nd May, 1998 - Revision of format of undertaking and certificate – Regarding

Circular No.9/2002, Tax deduction at source u/s 194A of the Income-Tax Act, 1961- applicability of the provisions in respect of income paid or credited to a member of co-operative bank.

Circular No.5/2002, Tax deduction at source under 194-I of the Income -tax Act, 1961 and Circular No. 715 dated 8.9.1995- Clarification regarding scope of section 194-I of the IT Act.

Circular No. 4/2002, Requirement of tax deduction at source in case of entities whose income is exempt under section 10 of the Income-tax Act.

Circular No. 2/2002, Tax treatment of deep discount bonds and STRIPS – reg.

Circular No. 1/2002, TDS from salaries during the F.Y. 2001-2002 under sec. 192 of the Income-tax Act, 1961 – clarifications.

CIRCULARS OF 2001
Circular No.15/2001, Sec. 192 TDS
Circular No.14/2001, Explanatory Notes on provisions relating to Direct Taxes of the Finance Act, 2001

Circular No.585/22/2001-CX/1 dt.10.9.2001

Circular No. 12/2001, dated 23rd Aug, 2001

Circular No. 11/2001, dated 23rd July, 2001

Circular No. 5 of 2001, dated 2nd March 2001

Circular No. 4/2001-02-15

CIRCULARS OF 2000
Circular No 793 dated 23.6.2000
Circular No 791 dated 2.6.2000
Circular No 790 dated 20.4.2000
Circular No 789 dated 13.4.2000
Circular No 788 dated 11.4.2000
Circular No 787 dated 10.2.2000
Circular No 786 dated 7.2.2000
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