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1969

Circulars of 1969

Every circular the Income Tax Department published in 1969 — 29 of them, newest first. Each one opens on its own page.

NumberDateWhat it deals with
Circular No. 3329 December 1969Section 40A l Expenses or Payments NOT Deductible
Circular No. 3229 October 1969Limit on allowance in respect of benefit, amenity or perquisite under clause (c)(iii)/clause (a)(v) - Reimbursement of certain expenses/pay-ments whether form part of perquisite to be restri
Circular No. 3125 October 1969Section 80RR l Professional Income from Foreign Sources in Certain Cases
Circular No. 304 October 1969Amortisation of cost of production/cost of acquiring distribution rights of films - Assessments of film producers/distributors - General guidelines for allowance thereof
Circular No. 1618 September 1969355. Professional tax - Whether deductible as revenue expenditure
Circular No. 2923 August 1969165. Application of income to charitable purposes and restriction of accumulation of trust income in terms of sub-sections (1) and (2) as they stood between 1-4-1962 to 31-3-1971 (prior to t
Circular No. 2820 August 1969213. Fresh loan raised to repay original loan taken for constructing/ buying property - Whether interest payable on second loan would also be admissible as a deduction under clause (vi) of s
Circular No. 2716 August 1969Sections 35B and 35C l Export Markets Development Allowance/agricultural Development Allowance
Circular No. 266 August 1969Development rebate allowed on assets sold to Government - Whether not liable to be withdrawn even if vendor credits to profit and loss account reserve which he had originally created
Circular No. 2525 July 1969Circular dated 25-7-1969 granting stay of recovery of tax under sub-section (7) to assessees having income in Pakistan which cannot be brought into India stands withdrawn
Circular No. 2423 July 1969728. Whether production of motion pictures amounts to manufacture or processing of goods within the meaning of section 101(4)(a)
Circular No. 2323 July 1969[Withdrawn by Circular No. 7/2009, Dated 22-10-2009]
Circular No. 2217 July 1969Finance Act, 1969 - Circular No. 22, Dated 17-7-1969
Circular No. 219 July 1969Norms and principles to be applied in assessing foreign/Indian participants in technical collaboration
Circular No. 1913 June 1969Section 37(3) l Expenditure on Advertisement/ Maintenance of Guest House/travelling
Circular No. 2013 June 1969318. Bad debts - Whether claims of banks should be automatically allowed in their entirety in their assessments under clause (vii) of sub-section (1)
Circular No. 1812 June 19691412. Cases where tolerance margin of 25 per cent is exceeded because of disallowance of disputed tax liability - Whether penalty imposable for concealment of wealth
Circular No. 1710 June 19691341. Whether annuity receivable under annuity deposit scheme is covered within the meaning of clauses (e)(iv)
Circular No. 158 May 1969Deductions under clause (i) as it stood prior to its substitution, and under clauses (iii) to (v) as they stood prior to their omission, by Finance Act, 1974 with effect from 1-4-1975 - Clar
Circular No. 1423 April 1969316. Contribution to approved gratuity fund - Points connected with tax relief in respect of initial contribution under clause (v) of sub-section (1) and approval of gratuity fund
Circular No. 1314 April 19691007. Whether non-resident person (corporate as also non-corporate) owning 4 per cent National Defence Loan, 1968 and 43 /4 per cent National Defence Loan, 1972, are entitled to receive inte
Circular No. 1026 March 1969Deductions under clause (i) as it stood prior to its substitution, and under clauses (iii) to (v) as they stood prior to their omission, by Finance Act, 1974 with effect from 1-4-1975 - Clar
Circular No. 925 March 1969Income from House Property
Circular No. 824 March 1969Requirements to be satisfied by applicants for being eligi­ble for concession envisaged under the section
Circular No. 520 February 1969Section 68 l Cash Credits
Circular No. 420 February 196944. Pensions received from abroad by pensioners residing in India - Taxability under clause (iii) of sub-section (1)
Circular No. 311 February 1969941. Facility of payment of direct taxes through all branches of State Bank of India and other authorised banks by cash/cheque/draft
Circular No. 26 February 1969Section 193 l Interest on Securities
Circular No. 127 January 19691350. Ownership flats of members of tenant co-partnership socie­ties - Whether exempt under clause (iv) of sub-section (1)
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.