Circular No. 20-D

Finance (No. 2) Act, 1962 - Circular No. 22D, Dated 1-8-1962

What this is

Circular No. 20-D was issued by the Central Board of Direct Taxes on 7 July 1964. Its subject is Finance (No. 2) Act, 1962 - Circular No. 22D, Dated 1-8-1962.

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

FINANCE (NO. 2) ACT, 1962 - CIRCULAR NO. 22D, DATED 1-8-1962

Amendments at a glance

Rate structure

Tax concession for export profits

Amendments to Income-tax Act

Amendments to Wealth-tax Act

Expenditure-tax Act

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A circular binds the department, not you and not a court. The Board issues a circular to its own officers. An assessee may hold the department to a circular that helps him; the department cannot hold an assessee to one that hurts him, and the Tribunal and the courts decide the law for themselves.

Source: the Income Tax Department’s own published text — its page for this instrument.