Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Repayment therein during Financial Year 1986-87-Regarding - Income Tax - 454/1986

Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Repayment therein during Financial Year 1986-87-Regarding Circular No.454 Dated 24/4/1986 To All Chief Commissioners (Admn.) Commissioners of Income-tax. Sir, Subject: Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Repayment therein during Financial Year 1986-87-Regarding. The Compulsory Deposit Scheme for Income-tax Payers stand discontinued with effect from 1st April, 1985. The Department of Economic Affairs of the Ministry of Finance vide their letter F. No. 1(3)-PD/86 dated 14th March, 1986*, have issued the orders for the release of the instalments, the payment of which fell due in 1985-86 but was deferred for one year under the Compulsory Deposit Scheme (Income-tax Payers) Amendment Act, 1985. 2. I am directed to enclose herewith a copy of letter F. No. 1(3)-PD/86 dated 14th March, 1986**, issued by the Ministry of Finance, Department of Economic Affairs to this effect. It is requested that the contents of the said letter may be given wide publicity for the guidance of taxpayers. 3. The contents of this letter may be brought to the notice of all the officers working in your charge. 4. Hindi version will follow shortly. Yours faithfully, (Sd.) (Girish Dave) Under Secretary to the Government of India. * See Enclosure to the Circular on next page. ** See Enclosure to the Circular above.