Income tax limit raised from Rs.8000 to 10000 w.e.f. A.Y 1978-79 in case of individuals, H.U.Fs ., U.R.Fs. - Income Tax - 1164/CBDT

INSTRUCTION NO. 1164/CBDT Dated : April 7, 1978 The income tax limit has been raised from Rs.8000 to 10000 w.e.f. A.Y 1978-79 in the case of individuals, H.U.Fs ., U.R.Fs. Association of persons and body of individuals. The limit under the Finance Bill 1978 is also Rs.10000. 2. In view of the raising of the taxable limit from 8,000 to 10,000 all cases falling under the above categories of the assessees whose total income is less than Rs.10,000 will become N.A.cases w.e.f. assessment year 1978-79. Their existence on the G.I.R. may lead to infructous work. It is therefore necessary that such cases are weeded out with effect from assessment year 1978-79. 3. The board has therefore desired that an immediate review of all the cases on the G.I.R. is undertaken by the I.T.Os for this purpose. Cases where the assessed income in the last 3 assessment years has remained below Rs.10,000 should be weeded out. If for any reason it is considered necessary to keep such a case on the G.I.R. a note could be made against it in the register that no assessment proceedings need be initiated in respect of this assessee for the current assessment year. 4. The above instructions may please be brought to the notice of all I.T.Os. They should be asked to complete this work by the 1st, June, 1978 and submit a certificate to his IAC that the instructions have been complied with. The number of cases weeded out and the number of cases against which the note referred to in para 3 above have been made should be furnished in the certificate. The IAC should test check the correctness of the certificate. He in turn should send a similar certificate to the CIT by the 1st July 1978 and the CIT should submit a consolidated report to the board so as to reach the board by 15th July, 1978.