Circular No. 126

Finance Act, 1973 - Circular No. 126, Dated 26-11-1973

What this is

Circular No. 126 was issued by the Central Board of Direct Taxes on 26 November 1973. Its subject is Finance Act, 1973 - Circular No. 126, Dated 26-11-1973.

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 ACT, 1973 - CIRCULAR NO. 126, DATED 26-11-1973

Amendments at a glance

Rate structure

Amendments to Income-tax Act

Amendments to Wealth-tax Act

Amendments to Gift-tax Act

Amendments to Companies (Profits) Surtax Act

Miscellaneous provisions

← Circular No. 127 · Circular No. 125 →

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.