Tax treatment to National Defence Bonds 1980.

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Full Text of the Document

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.... the source of purchase of the gold bonds is permissible. 2. Sec.8 of the taxation Laws Act 1965 states that where a person who has acquired any gold out of his income which has not been disclosed by him for the purpose of Indian Income-tax Act, 1922 or I.T. Act, 1961 tenders such gold as subscription for the National Defence Gold Bonds 1980 prior to the detection of such income by the ITO or the....