Circular No. 772

Finance (No. 2) Act, 1998 - Circular No. 772, Dated 23-12-1998

What this is

Circular No. 772 was issued by the Central Board of Direct Taxes on 23 December 1998. Its subject is Finance (No. 2) Act, 1998 - Circular No. 772, Dated 23-12-1998.

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, 1998 - CIRCULAR NO. 772, DATED 23-12-1998

Amendments at a glance

Rate structure

Amendments to Income-tax Act

Amendments to Wealth-tax Act

Amendments to Gift-tax Act

Amendments to Expenditure-tax Act

← Circular No. 773 · Circular No. 771 →

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.