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1990

Circulars of 1990

Every circular the Income Tax Department published in 1990 — 38 of them, newest first. Each one opens on its own page.

NumberDateWhat it deals with
Circular No. 58711 December 1990479. Whether, where in respect of an assessment year, there is income under a head, the loss, if any, under any other head for that assessment year should first be set-off against it before
Circular No. 58628 November 1990952. Clarification regarding liability to income-tax in India and deduction of tax at source of members of the crew of foreign going Indian ship
Circular No. 58527 November 1990Section 206C l Profits and Gains from Business of Trading in Alcoholic Liquor, Forest Produce, ETC
Circular No. 58413 November 1990120. Clarification regarding jurisdiction over assessment of trusts, funds, association and institutions claiming exemption under clauses (21), (22), (22A), (23), (23A) and (23C) of section
Circular No. 58323 October 1990Finance (Second Amendment) Ordinance, 1990 - Circular No. 583, Dated 23-10-1990
Circular No. 58223 October 1990Clarification regarding penalty under section 271B for failure to comply with provisions of section 44AB for assessment year 1985-86
Circular No. 58128 September 1990Section 43B l Deduction to BE Allowed Only on Actual Payment
Circular No. 57914 September 1990Financial Year 1990-91
Circular No. 58014 September 1990134. Where donations in kind are not in form of jewellery, furniture or any other notified article
Circular No. 57812 September 1990295. Effect of withdrawal of tax concession under section 35C in a case where expenditure has been incurred by sugar factory on cane development programmes and same was found eligible for de
Circular No. 5774 September 1990Section 167B l Assessment Where Share of Beneficiaries Unknown
Circular No. 57531 August 1990545. Whether ‘convertible foreign exchange’ does not include remittances from Nepal and Bhutan
Circular No. 57631 August 1990Section 80 l Loss - Submission of Return for
Circular No. 57422 August 1990493. Whether deduction is available in respect of premia paid on the life insurance policies on the lives of adult children, irrespective of their status; for example, premia paid on a polic
Circular No. 57321 August 199034. Taxability of lump sum payment made gratuitously or by way of compensation or otherwise to widow/other legal heirs of an employee
Circular No. 5723 August 1990Finance Act, 1990 - Circular No. 572, Dated 3-8-1990
Circular No. 5711 August 1990553. Clarification regarding calculation of deductions
Circular No. 56827 July 1990Financial Year 1990-91
Circular No. 56927 July 1990Financial Year 1990-91
Circular No. 57027 July 1990Financial Year 1990-91
Circular No. 56719 July 1990584. Admissibility of deduction in respect of income from units of the Unit Trust of India
Circular No. 56617 July 1990168. Clarification regarding investment in ‘Kisan Vikas Patra’ and ‘Indira Vikas Patra’
Circular No. 56511 July 1990Section 206C l Profits and Gains from Business of Trading in Alcoholic Liquor, Forest Produce, ETC
Circular No. 5645 July 1990552. Clarifications regarding calculation of deductions
Circular No. 56223 May 1990551. Whether receipts of sale proceeds in respect of protocol exports eligible for deduction
Circular No. 56323 May 1990Section 80HHB l Deductions in Respect of Profits and Gains from Projects Outside INDIA
Circular No. 56122 May 1990407. Compulsory audit - Tax audit in case of companies have accounting year other than financial year
Circular No. 56018 May 1990441. Clarification regarding tax exemption under section 54E on sale of capital assets converted into stock-in-trade
Circular No. 5594 May 1990Direct TAX LAW (Amendment) Act, 1989 - Circular No. 559, Dated 4-5-1990
Circular No. 55828 March 19901116. Clarification regarding hire charges paid to bus owners from the hire of buses
Circular No. 55719 March 1990125. Clarifications regarding Form Nos. 55 and 56 for grant of exemption
Circular No. 55623 February 19901277. Clarification regarding applicability of section 269T to amounts kept by agriculturists out of sale proceeds with commis­sion agents
Circular No. 55522 February 1990Companies (Surcharge on Income-tax) Act, 1971
Circular No. 55413 February 1990Direct TAX Laws (Second Amendment) Act, 1989 - Circular No. 554, Dated 13-2-1990
Circular No. 55313 February 1990553 dated 13 02 1990
Circular No. 5529 February 1990Section 44BBB l Special Provisions for Computing Profits and Gains of Foreign Companies Engaged in the Business of Civil Construction, ETC., in Certain Turnkey Power Projects
Circular No. 55123 January 1990Direct TAX (Amendment) Act, 1987 [As Amended by Direct TAX Laws (Amendment) Act, 1989] - Circular No. 516, Dated 15-6-1988; Circular No. 545, Dated 24-9-1989 ; Circular No. 549, Dated 31-10-
Circular No. 5501 January 1990Finance Act, 1989 - Circular No. 550, Dated 1-1-1990
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.