Correction Slip No. 561 Dated: 11.05.2005
Pages No. 1-2 (Reprint of Fourth Edition)
Major Head: - 0020-Corporation Tax
(1) Minor Head: 101-Income Tax on Companies (1)
(a)
“Delete the existing footnote (1) (iv).’
(b) Substitute the existing footnote (1) (xviii) with the following: -
“Deductions under Section 195 of the Income Tax Act, 1961 from Non Resident
Individuals/Foreign Companies.”
(c)
Insert the following Sub Heads after the existing footnote 1 (xxiii) Deduct
–
Refunds :
(xxiv) Collection at Source under Section 206 – C of Income Tax Act, 1961
from Liquor for Human Consumption and Tendu Leaves.
(xxv) Collection at Source under Section 206 – C of Income Tax Act, 1961
from Timber obtained under Forest Lease.
(xxvi) Collection at Source under Section 206 – C of Income Tax Act, 1961
from Timber obtained by any Mode other than a Forest Lease.
(xxvii) Collection at Source under Section 206 – C of Income Tax Act, 1961
from any other Forest Product (not being Timber Leaves).
(xxviii)Collection at Source under Section 206 – C of Income Tax Act, 1961
from Scrap.
(2)
Minor Head: 104-Penalties (6)
Delete the existing footnote (6).
(Effective from the year 2004-2005)
(Authority T-14018/3/2000-Codes)
Correction Slip No.562 Dated: 11.05.2005
Pages No. 3-4 (Reprint of Fourth Edition)
Major Head: - 0021-Taxes on Income Other than Corporation Tax
(1) Minor Head: 102-Income Tax on other than Union Emoluments including
Pensions (2)
(a) Delete the existing footnote (2) (iv), (xxiii), (xxiv) and (xxv).
(b) Substitute the existing footnote (2) (xxii) with the following: -
“Deductions under Section 195 of the Income Tax Act, 1961 from Non
Resident Individuals/Foreign Companies.”
(b) Insert the following Sub Heads after the existing footnote 2 (xxix) Deduct –
Refunds:-