Proforma for submission of 6-monthly /9-monthly estimates of Interest-tax.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tes of Interest-tax was prescribed. Recently consequent upon the rationalisation of accounts the distinction between banks which are companies and banks which are not companies has been done away with. Further the Finance Act has discontinued the levy of interest-tax in relation to interest accruing or arising to scheduled banks after 28th February, 1978. Taking into account the above factors, the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Statement showing the 6-monthly Budget Estimates if Interest Tax Act ---------- 9-monthly ------------------------------------------------------------------------- Actuals Budget Actuals Revised Budget Remarks of Esti- of first Esti- Esti- preced- mates 6/9- mates mates ing (19-19) month (19-19) (19-19) year of the (19-19) current year (19 - 19) --------------....