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Case law › Circulars › 1995
1995

Circulars of 1995

Every circular the Income Tax Department published in 1995 — 34 of them, newest first. Each one opens on its own page.

NumberDateWhat it deals with
Circular No. 73220 December 1995732 dated 20 12 1995
Circular No. 73120 December 1995604. Eligibility for deduction under section 80-O in case of receipt of brokerage by reinsurance agent, operating in India on behalf of principals abroad, from gross premia before remittance
Circular No. 73014 December 1995914. Whether non-resident assessees engaged in business of carriage by shipping of passengers and goods, etc., shall neither be liable to pay interest under sections 234B and 234C nor entitl
Circular No. 7291 November 1995557. Whether profits derived from export of cut and polished dimensional blocks, granite or other rocks is eligible for deduction under section 80HHC
Circular No. 72830 October 1995Applicable rates of taxes under the Double Taxation Avoidance Agreement between India and the United Arab Emirates
Circular No. 72727 October 1995372. Instructions regarding extent of expenditure incurred on food or beverages provided to employees by employers to be treat­ed as entertainment expenditure under section 37(2)
Circular No. 72618 October 1995Section 194J l Fees for Professional or Technical Services
Circular No. 72516 October 1995136. Issue/approval of notifications under section 10(23C)(iv) or section 35(1)(ii)/(iii) after completion of assessment, rectifi­cation of mistake consequent thereto
Circular No. 72429 September 1995724 dated 29 9 1995
Circular No. 72219 September 1995607. Clarification regarding criteria required to be satisfied by any co-operative society engaged in cottage industry for availing benefits under section 80P(2)(a)(ii)
Circular No. 72319 September 1995Section 172 l Shipping Business of Non-residents
Circular No. 72113 September 1995Sections 112, 115A, 115AC, 115AD, 115B and 115BBA
Circular No. 72030 August 19951120. Payment of any sum shall be liable for deduction of tax only under one section
Circular No. 71822 August 19951150. Clarification regarding deduction of tax at source from payment of rent
Circular No. 71922 August 1995Clarification regarding filing of returns in respect of tax deducted at source from salary of employees of company working at its headquarters or in other branches
Circular No. 71714 August 1995Finance Act, 1995 - Circular No. 717, Dated 14-8-1995
Circular No. 7169 August 1995Section 194A l Interest Other Than "Interest on Securities"
Circular No. 7158 August 19951119. Clarifications on various provisions relating to tax deduction at source regarding changes introduced through Finance Act, 1995
Circular No. 7143 August 19951118. Clarification regarding applicability of section 194C/194J in case of advertising agency
Circular No. 7132 August 19951117. Clarification regarding applicability of section 194C in case of tickets sold by airlines and travel agents to customers
Circular No. 71225 July 1995122. Whether since section 10(22) does not impose any restriction regarding mode of investments of funds, such institutions are not required to invest their funds in modes specified under se
Circular No. 71024 July 1995202. Taxability of the perquisite on shares issued to employees at less than market price
Circular No. 71124 July 1995546. Whether, where payments received in the shape of bonds in lieu of foreign exchange realisation from project-exports and foreign exchange will eventually be repatriated into India by EXI
Circular No. 70919 July 1995805. Withdrawal of challan forms with three counterfoils for payment of advance tax and self-assessment tax
Circular No. 70818 July 1995372. Instructions regarding extent of expenditure incurred on food or beverages provided to employees by employers to be treat­ed as entertainment expenditure under section 37(2)
Circular No. 70711 July 1995957. Whether, where non-residents are deputed to work in India and taxes are borne by employers, in certain cases if an employee to whom refunds are due has already left India and has no ban
Circular No. 70626 June 1995Section 80Q l Profits and Gains from Business of Publication of Books
Circular No. 70520 June 1995613. Procedure regarding grant of approval under section 80 RRA
Circular No. 70428 April 199522. Instructions regarding determination of the ‘date of transfer’ and holding period for purposes of capital gains qua transactions in securities
Circular No. 70318 April 1995Section 75 l Set-off of Losses of Firms
Circular No. 7023 April 1995515. Whether, as long as conditions mentioned in section 80DD are ful­filled and assessee has incurred any expenditure on medical treatment, etc., of handicapped person, deduction as envisag
Circular No. 70023 March 1995603. Whether benefit of section 80-O would be available if technical and professional services, though rendered outside India, are used by Foreign Government or enterprise in India
Circular No. 70123 March 199518. Taxability of allowances received by persons having income under the head ‘Salaries’
Circular No. 69930 January 1995Section 194-I l Rent
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.