New accounting code

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ollection of Interest Tax may be accounted for under a separate new minor head "Collection under Interest Tax Act, 1974" under the major head "028 other taxes on Income and Expenditure". It has also been decided that the following sub-heads should be opened under the minor head "Collection under Interest Tax Act, 1974" :- (a) Advance Interest Tax from Banks which are companies. (b) Ordinary ....