(1) All charges for collection of Corporation Tax, Taxes on Income other
than Corporation Tax, Taxes on Wealth, Securities Transaction Tax and Other
Taxes are in the first instance accounted for under the Minor Heads "Direction
and Administration", "Collection Charges-Income Tax" and "Other
Expenditure" below this Major Head and at the end of the year the total cost of
collection is apportioned among "Income Tax", "Taxes on Wealth, "Security
Transaction Tax" and "Other Taxes". The formula for apportionment of cost of
various Direct Taxes will be in accordance with the Office Memorandum issued
for this purpose from time to time by the office of CBDT. The shares of cost of
collection so worked out are transferred to the minor heads "Taxes on
Wealth", "Securities Transaction Tax" and "Other Taxes" (this will include
expenditure on collection of residuary Estate Duty and Gift Tax) under Major
Head 2031; and "Collection Charges-Corporation Tax" and "Collection
Charges-Other Taxes" (this would include expenditure on residuary FBT,
BCTT, Expenditure Tax, Interest Tax, etc.) under this Major Head (2020)
respectively. Further w.e.f. 01.04.2012, minor heads '103' and '106' will not be
operated for fresh transaction.
Delete existing Note (4) inserted vide correction slip No. 719 dated 29-
02-2012.