Amendment of Act 7 of 1964

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..... Schedule, in rule 3, for the portion beginning with the words by the aggregate of - and ending with the brackets, figures and words (ii) any expenditure , the words by the amount of any expenditure shall be substituted with effect from the 1st day of April, 1977; (c) in the Second Schedule, - (i) in rule 1 - (1) in clause (ii), for the words, brackets and figures sub-section (3) of section 34 , th .....

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..... r where the Income-tax Officer is of opinion that the amount credited in such account falls short of the amount which should have reasonably been credited by it, the amount of its capital as computed under rule 1 shall be reduced by the amount which has not been so credited or, as the case may be, the amount of such shortfall. Explanation : For the purposes of this rule, the amount of credit which .....

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..... capital or redemption of such debentures or repayment of any such moneys, , the words or is reduced by any amount on account of reduction of paid-up share capital, shall be substituted with effect from the 1st day of April, 1977. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagemen .....

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