9911796707
TMI BlogAmendment of Act 29 of 1957X X X X Extracts X X X X X X X X Extracts X X X X ..... urred by the assessee in the purchase of books;"; (2) to clause (j), the following proviso shall be added, namely:- "Provided that the assessee is either chargeable to gift-tax under the Gift-tax Act, 1958 (18 of 1958) in respect of such gift, donation or settlement, as the case may be, or has deposited to the credit of the Central Government before the completion of his assessment f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee or any of his dependants: Provided that where a deduction as aforesaid is made, one-fifth of the said capital expenditure shall be deemed to be incurred by the assessee in each of the four years succeeding the previous year in which the expenditure was incurred and no deduction shall be made under this clause in the assessment for any succeeding year in respect of expenditure so deemed t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ect of such assessees, it may cause to be published such names and particulars in such manner as it thinks fit. (2) No publication under this section shall be made is relation to any penalty imposed, or any conviction for any offence connected with any proceedings, under this Act until the time for presenting an appeal to the Appellate Assistant Commissioner or to the first Appellate Court, as t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g Schedule shall be substituted, namely:- 'THE SCHEDULE (See section 3) Rates of Expenditure-tax In the case of every individual and Hindu undivided family, on that portion of the taxable expenditure- (i) which does not exceed Rs. 36,000 Nil (ii) which exceeds Rs. 36,000 but does not exceed Rs. 48,000 5% (iii) which exceeds Rs. 48,000 but does not exceed Rs. 60,000 7.5% (iv) which ..... X X X X Extracts X X X X X X X X Extracts X X X X
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