Section 133(4) of the Income-tax Act, 1961-Returns of income-Requirement of furnishing statements of payments-Raising of limits to Rs. 1,000 regarding

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..... 15/7/1977 To All Commissioners of Income-tax. (by name) Sir, Subject: Section 133(4) of the Income-tax Act, 1961-Returns of income-Requirement of furnishing statements of payments-Raising of limits to Rs. 1,000 regarding. Under section 133(4) of the Income-tax Act, 1961, the Income-tax Officer, the Appellate Ass .....

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..... by the mandatory requirement of furnishing statements of the above mentioned types of payments in excess of Rs. 400. It is proposed to amend the relevant Forms of the returns of income so as to raise the limit of Rs. 400 to Rs. 1,000. 4. Pending amendment of the said forms, the Board have decided that it will be sufficient compliance of the requirements of the above referred Annexures to the For .....

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