Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
National Savings Certificate limits increased: rule 20 limit raised to Rs 60,000 and positional ceilings specified. The amendment to the National Savings Certificate (VIII Issue) Rules, 1989 substitutes Rs. 60,000 for Rs. 20,000 in rule 20(1) and replaces rule 20(2)'s table with a new schedule of monetary ceilings for specified post office authorities, ranging from Rs. 500 to Rs. 60,000; the rules take effect on publication in the Official Gazette under powers conferred by the Government Savings Certificates Act, 1959.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
National Savings Certificate limits increased: rule 20 limit raised to Rs 60,000 and positional ceilings specified.
The amendment to the National Savings Certificate (VIII Issue) Rules, 1989 substitutes Rs. 60,000 for Rs. 20,000 in rule 20(1) and replaces rule 20(2)'s table with a new schedule of monetary ceilings for specified post office authorities, ranging from Rs. 500 to Rs. 60,000; the rules take effect on publication in the Official Gazette under powers conferred by the Government Savings Certificates Act, 1959.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.