Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Deposits after March 31, 1985, in respect of income declared for assessment year 1985-86 and earlier assessment years-Clarification-Regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r 1985-86 and earlier assessment years-Clarification-Regarding Circular No.457 Dated 30/5/1986 To All Chief Commissioners (Admn.) and Commissioner of Income-tax. Sir, Subject: Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Deposits after March 31, 1985, in respect of income declared for assessment year 1985-86 and earlier assessment years-Clar .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... yment of compulsory deposit even after March 31, 1985. However, the question whether the depositor is liable to a penalty under section 10 of the Compulsory Deposit Scheme (Income-tax Payers) Act will be decided by the Income-tax Officers." 3. Representations have been received to the effect that where the income is declared for the assessment year 1985-86 or earlier assessment years in response .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... will follow shortly. Yours faithfully, (Sd.) K.K. Thipathi, Secretary, Central Board of Direct Taxes. ** See [1985] 156 ITR (St.) 80. ++ See [1985] 156 ITR (St.) 81. * See [1985] 156 ITR (St.) 80. + See p. 9 supra. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X