Collection of income-tax at source under section 206C of the Income-tax Act, 1961, in respect of profits and gains from the business of trading in alcoholic liquor, forest produce, etc.--Regarding

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..... trading in alcoholic liquor, forest produce, etc.--Regarding Circular No. 585 Dated 27/11/1990 Reference is invited to Board's Circular No.565 [F.No. 275A/ 1/90-IT(B)] dated 11th July, 1990 [printed at [1990] 184 ITR (St.) 166] regarding collection of income-tax at source under section 206C of the Income-tax Act in respect of profits and gains from the business of trading in alcoholic .....

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..... r Pradesh will also form part of the purchase price. Thus, income-tax will have to be collected at source under the provisions of section 206C by all persons referred to in section 44AC of the Income-tax Act, 1961 (e.g., Central Government, State Government, local authority, corporations, etc.) at the specified rates, with reference to the purchase price including the excise duty, etc. 3. The ab .....

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..... ular are available with the Director of Income-tax (RSP PR), 6th Floor, Mayur Bhavan, Connaught Circus, New Delhi. (Sd.) B.E. Alexander, Under Secretary-IT(B), - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. .....

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