Heads of Accounts revision for estate, wealth, gift and expenditure taxes; update challans and note omission of advance payments. Adopt the revised Heads of Accounts for Estate Duty, Wealth tax, Gift tax and Expenditure Tax effective 1 April 1974 as set out in the enclosed schedule; use the specified major, minor and detailed heads for 1974-75 transactions and indicate those heads on challans. Note that the prior minor head for Advance payments under Gift Tax has been omitted and clarification is being sought, with further instructions to follow.
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Provisions expressly mentioned in the judgment/order text.
Heads of Accounts revision for estate, wealth, gift and expenditure taxes; update challans and note omission of advance payments.
Adopt the revised Heads of Accounts for Estate Duty, Wealth tax, Gift tax and Expenditure Tax effective 1 April 1974 as set out in the enclosed schedule; use the specified major, minor and detailed heads for 1974-75 transactions and indicate those heads on challans. Note that the prior minor head for Advance payments under Gift Tax has been omitted and clarification is being sought, with further instructions to follow.
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