Deduction of tax at source-Income-tax deduction from salaries during the financial year 1984-85 under section 192 of the Income-tax Act, 1961-Regarding

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....Circular No. 407 Dated 1/2/1985 From:             Sh. B. Nagarajan,             Secretary,             Central Board of Direct Taxes. To             All State ....

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....1980] 121 ITR 530. 2. The following Explanation has been inserted in clause (13A) of section 10 of the Income-tax Act by section 4(c) of the Taxation Laws (Amendment) Act, 1984: "Explanation.-For the removal of doubts, it is hereby declared that nothing contained in this clause shall apply in a case where- (a) the residential accommodation occupied by the assessee is owned by him; or (....

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.... disbursing officers are advised to recover the same from salary payable by March 31, 1985. 4. It may also be added that the Taxation Laws (Amendment) Act, 1984, has inserted a new sub-clause (vi) under clause (2) of section 17 of the Income-tax Act with effect from April 1, 1985, which reads as under: "(vi) where the employer has advanced any loan to the employee for the purpose of building....

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....nner on such loan at the rate so specified and the interest charged by the employer: Provided that this sub-clause shall not apply in the case of- (1) an employee of the Central Government or any State Government; or (2) an employee, not being an employee referred to in paragraph (a) or paragraph (b) of sub-clause (iii), whose income under the head 'Salaries', exclusive of the value of al....