Title : Repeal
State : Central
Year : 1986
The Indian Dock Labourers Act, 1934 (19 of [934), is hereby repealed, View Complete Act List Judgments citing this sectionTitle : Saving
State : Central
Year : 1986
The Indian Dock Labourers Regulations, 1948 made under section 5 of the Indian Dock Labourers Act, 1934 (19 of 1934), so repealed and the Dock Workers (Safety, Health and Welfare) Scheme 1961 made under section 4 of the Dock Workers (Regulation of Employment) Act, 1948 (9 of 1948), shall be deemed to be regulation framed under this Act and shall be in force unless they are altered or repealed under this Act. View Complete Act List Judgments citing this sectionTitle : Preliminary
State : Central
Year : 1986
(1) This Act may be called the Finance Act, 1986. (2) Save as otherwise provided in this Act, sections 2 to 47 (except sections 27, 34, 35 and 36) shall be deemed to have come into force on the 1st day of April, 1986. View Complete Act List Judgments citing this sectionTitle : Short Title and Commencement
State : Central
Year : 1986
(1) This Act may be called the Finance Act, 1986. (2) Save as otherwise provided in this Act, sections 2 to 47 (except sections 27, 34, 35 and 36) shall be deemed to have come into force on the 1st day of April, 1986. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10
State : Central
Year : 1986
In section 10 of the Income-tax Act, with effect from the 1st day of April, 1987, - (a) in clause (3), for the words "not being winnings from lotteries, to the extent such receipts do not exceed one thousand rupees in the aggregate", the words "to the extent such receipts do not exceed five thousand rupees in the aggregate" shall be substituted; (b) in clause (13A), the brackets and words "(not exceeding four hundred rupees per month)" shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 16
State : Central
Year : 1986
In section 16 of the Income-tax Act, in clause (i), for the portion beginning with the words "a sum equal to" and ending with the words "whichever is less", the following shall be substituted with effect from the 1st day of April, 1987, namely:- "a sum equal to thirty per cent. of the salary or ten thousand rupees, whichever is less". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 23
State : Central
Year : 1986
In section 23 of the Income-tax Act, with effect from the 1st day of April, 1987, - (a) for sub-section (2), the following sub-section shall be substituted, namely :- "(2) where the property consists of - (a) a house or part of a house in the occupation of the owner for the purposes of his own residence, - (i) which is not actually let during any part of the previous year and no other benefit therefrom is derived by the owner, the annual value of such house or part of the house shall be taken to be nil; (ii) which is let during any part or parts of the previous year, that part of the annual value (annual value being determined in the same manner as if the property had been let) which is proportionate to the period during which the property is in the occupation of the owner for..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 24
State : Central
Year : 1986
In section 24 of the Income-tax Act, for sub-section (2), the following sub-sections shall be substituted with effect from the 1st day of April, 1987, namely :- "(2) No deduction shall be allowed under sub-section (1) in respect of property of the nature referred to in sub-clause (i) of clause (a) of sub-section (2), or sub-section (3), of section 23 : Provided that nothing in this sub-section shall apply to the allowance of a deduction under clause (vi) of sub-section (1) of an amount not exceeding five thousand rupees in respect of the property of the nature referred to in sub-clause (i) of clause (a) of sub-section (2) of section 23. (3) The total amount deductible under sub-section (1) in respect of property of the nature referred to in sub-clause (ii) of clause (a) of..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 32a
State : Central
Year : 1986
In section 32A of the Income-tax Act, - (a) in sub-section (2), - (i) in clause (c), for the figures, letters and words "1st day of April, 1988,", the figures, letters and words "1st day of April, 1987," shall be substituted with effect from the 1st day of April, 1987; (ii) in clause (2) of the Explanation, for sub-clauses (i) and (ii), the following sub-clauses shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1985, namely :- "(i) in a case where the previous year ends before the 1st day of August, 1980, ten lakh rupees; (ii) in a case where the previous year ends after the 31st day of July, 1980 but before the 18th day of March, 1985, twenty lakh rupees; and (iii) in a case where the previous year ends after the 17th..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 43
State : Central
Year : 1986
In section 43 of the Income-tax Act, in clause (1) after Explanation 7, the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1974, namely :- "Explanation 8 : For the removal of doubts, it is hereby declared that where any amount is paid or is payable as interest in connection with the acquisition of an asset, so much of such amount as is relatable to any period after such asset is first put to use shall not be included, and shall be deemed never to have been included, in the actual cost of such asset.". View Complete Act List Judgments citing this section