Circular No. 621

Finance (No. 2) Act, 1991 - Circular No. 621, Dated 19-12-1991, as Amended by Circular No. 642, Dated 11-12-1992 and Circular No. 698, Dated 28-12-1994

What this is

Circular No. 621 was issued by the Central Board of Direct Taxes on 19 December 1991. Its subject is Finance (No. 2) Act, 1991 - Circular No. 621, Dated 19-12-1991, as Amended by Circular No. 642, Dated 11-12-1992 and Circular No. 698, Dated 28-12-1994.

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, 1991 - CIRCULAR NO. 621, DATED 19-12-1991, AS AMENDED BY CIRCULAR NO. 642, DATED 11-12-1992 AND CIRCULAR NO. 698, DATED 28-12-1994

Amendments at a glance

Rate structure

Amendments to Income-tax Act

Amendments to Wealth-tax Act

Amendments to Gift-tax Act

Amendments to Interest-tax Act

Amendments to Expenditure-tax Act

← Circular No. 623 · Circular No. 620 →

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.