Security Deposit for Telex connection-Business expenditure under the Income-tax Act, 1961-Reference from associations-Treatment regarding

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..... All Commissioners of Income-tax. Sir, Subject: Security Deposit for Telex connection-Business expenditure under the Income-tax Act, 1961-Reference from associations-Treatment regarding. It has been brought to the notice of the Board that, as per an amendment made in the Indian Telegraph Rules with effect from 26th February, 1983, a subscriber for a Telex connection (either for existing .....

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..... a deduction if the assessee makes such a claim. However, when the amount is returned by the Postal Authorities when the Telex connection is finally closed, the refund of Rs. 10,000 shall be treated as an income of the assessee of the year in which the amount is refunded. 3. Hindi version will follow shortly. Yours faithfully, (Sd.) O.P. Srivastava Director, Central Board of Direct Taxes .....

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