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2003

Circulars of 2003

Every circular the Income Tax Department published in 2003 — 10 of them, newest first. Each one opens on its own page.

NumberDateWhat it deals with
Circular No. 10/200324 December 2003Section 139 of the Income-tax Act, 1961 - Return of income - Clarification regarding filing of return of income by coffee growers, being individuals covered by rule 7B of the Income-tax Rule
Circular No. 9/200318 November 2003Section 192 of the Income-tax Act, 1961 - Deduction of tax at source - Salaries - Income-tax deduction from salaries during the financial year 2003-2004 under section 192
Circular No. 8/200319 September 2003Filing of returns relating to Tax Deduction at Source on computer media
Circular No. 7/20035 September 2003Finance Act, 2003 - Explanatory Notes on provisions relating to Direct Taxes
Circular No. 6/20033 September 2003Section 194H of the Income-tax Act, 1961 - Commission or brokerage - Clarifications regarding Turnover Commission payable by RBI to Agency Banks - exemption from TDS
Circular No. 5/200322 May 2003Tax on income from manufacture of Rubber and Coffee - Clarification regarding reassessment of income for the assessment years prior to assessment year 2002-03
Circular No. 4/200314 March 20031. The Central Board of Excise and Customs, Department of Revenue, has amended the CENVAT Credit Rules, 2002 vide notifications No
Circular No. 3/200311 March 20031014. Payment to World Renewal Spiritual Trust, Mumbai whose income is exempt under section 10(23C) of the Income-tax Act, 1961
Circular No. 2/200311 March 20031013. Payment to Shri Ram Chandra Mission, Chennai, whose income is exempt under section 10(23C) of the Income-tax Act, 1961
Circular No. 1/200310 February 20031605C. Clarification regarding taxation of income from dividends and capital gains under the Indo-Mauritius Double Tax Avoidance Convention (DTAC)
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.