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1998

Circulars of 1998

Every circular the Income Tax Department published in 1998 — 13 of them, newest first. Each one opens on its own page.

NumberDateWhat it deals with
Circular No. 77223 December 1998Finance (No. 2) Act, 1998 - Circular No. 772, Dated 23-12-1998
Circular No. 7713 November 1998Financial Year 1998-99
Circular No. 77016 September 19981572. Additional Emoluments (Compulsory Deposit) (Amendment) Bill, 1977, passed by Lok Sabha on 18-6-1977, allowed to lapse - Repayment of instalments of additional dearness allowance deposi
Circular No. 7696 August 19981167. Procedure for refund of tax deducted at source under section 195
Circular No. 76824 June 1998420. Determination of ‘date of transfer’ and the ‘period of holding of securities’ held in dematerialised form under section 45(2A) qua transactions in securities
Circular No. 76722 May 1998Submission of No Objection Certificate in case of remittance to a non-resident
Circular No. 76624 April 19981154. Discontinuance of requirement of sending quarterly statements in case of payments by foreign companies and law firms to residents in India
Circular No. 76515 April 1998Taxation of foreign telecasting companies—Guidelines for computation of income-tax, etc
Circular No. 76420 February 199885. Clarification regarding taxability of transport allowance
Circular No. 76218 February 1998Finance (No. 2) Act, 1996 - Circular No. 762, Dated 18-2-1998
Circular No. 76318 February 1998Finance Act, 1997 - Circular No. 763, Dated 18-2-1998
Circular No. 76013 January 1998Finance Act, 1966 - section 2(7)(d ) l Industrial Company
Circular No. 76113 January 19981184. Clarifications regarding use of Form No. 16 for pensioners where pensioners are drawing their pensions through banks
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.