Order under section 119(1) of the Income-tax Act, 1961 regarding exemption from the TDS provisions under section 197 read in conjunction with section 10(26BBB) of Income-tax Act, 1961 Order under section 119(1) of the Income-tax Act, 1961 regarding exemption from the TDS provisions under section 197 read in conjunction with section 10(26BBB) of Income-tax Act, 1961

« Latest Circulars »

AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH FOREIGN COUNTRIES - WITH GOVERNMENT OF JAPAN
Notification no. 1-CA(7)/123/2008 containing Draft Regulations arising out of the Accounting Technician Course - (03-09-2008)
NOTIFICATION NO. 91/2008, DATED 28-8-2008
SECTION 90 OF THE INCOME TAX ACT, 1961 DOUBLE TAXATION RELIEF AGREEMENT WITH FOREIGN COUNTRIES NOTIFIED AGREEMENT
NOTIFICATION NO. 89/2008/F. NO. 142/24/2003-TPL [NOTIFICATION NO. S.O. 2115(E)], DATED 27-8-2008
Order under section 119(1) of the Income-tax Act, 1961 regarding exemption from the TDS provisions under section 197 read in conjunction with section 10(26BBB) of Income-tax Act, 1961
NEW RETURN FORMS FOR THE ASSESSMENT YEAR 2008-09 - AND MATTERS CONNECTED THERETO
MANDATORY E-PAYMENT OF TAXES
NOTIFICATION NO. 77/2008, DATED 8-7-2008
Notification: 76; Date of Issue: 02/07/2008
NOTIFICATION NO. 70/2008-FTD, DATED 18-6-2008
AICTE cracks the whip on ragging
Jaya versus FM: Advantage Jaya
Recent Sebi circular on board of directors needs some clarification
Delay in completion of departmental proceedings - reg.


« Clarification on deduction of tax at source (TDS) on service...	NEW RETURN FORMS FOR THE ASSESSMENT YEAR 2008-09 - AND... »

Order under section 119(1) of the Income-tax Act, 1961 regarding exemption from the TDS provisions under section 197 read in conjunction with section 10(26BBB) of Income-tax Act, 1961
August, 01st 2008
CIRCULAR NO. 7/2008, DATED 1-8-2008 In exercise of the powers conferred under sub-section (1) of section 119 of Income-tax Act, 1961, Central Board of Direct Taxes hereby directs that corporations which are established by a Central, State or Provincial Act for the welfare and economic upliftment of ex-servicemen and whose income qualifies for exemption from income-tax under section 10(26BBB) of the Income-tax Act, 1961, are hereby given exemption from Tax Deduction/Collection at Source on their receipts. 2. This exemption shall not absolve such organisation from their statutory obligation of deducting TDS on all contractual payments made by them to other parties including sub-contractors etc. 3. This exemption shall be valid for 3 years from the date of issue of this order. 4. After the end of 3 years, all the Chief Commissioners of Income-tax will send their feedback to the CBDT on the benefits and, or shortcomings observed in the working so as to enable a review and further decision by the Board in the matter.