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.

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..... ndividuals. 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 .....

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..... ut 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. - Circular - Trade N .....

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