Bare Act Search Results

Super Profits Tax Rules, 1963 Complete Act

State: Central

Year: 1963

....." sub-sections (1) and (2) " shall be substituted. Modification of section 138.---(vii) In section 138,--- (a) for the words " either under this Act or the Indian Income-tax Act, 1922, on or after the 1st day of April, 1960", the words " under the Act " shall be substituted ; (b) for the word and figures "section 137", the words and figures " the applied section 137 " shall be substituted. Modification of section 140.---(viii) For section 140, the following section shall be substituted, namely:--- "140. Return by whom to be signed.---The return under section 6 of the Act shall be signed and verified by the principal officer of the company, or where in the case of a non-resident company any person has been treated as its agent under section 163 of the Income-tax Act, by such person. " Modification of section 160.---(ix) In section 160, in sub-section (1),--- (a) in clause (i),--- (i) for the words, brackets and figures " in respect of the income of a non-resident specified in clause (i) of sub-section (1) of section 9 ", the words, brackets and figures " in respect of the chargeable profits relating to the income of a non-resident specified in clause (i) of sub-section.....

Super Profits Tax Act, 1963 Complete Act

State: Central

Year: 1963

.....are no chargeable profits in respect of the previous year relevant to that assessment year, the amount of the standard deduction ; (7) " Income-tax Act" means the Income-tax Act, 1961 (43 of 1961)-; (8) " prescribed" means prescribed by rules made under this Act; (9) " standard deduction " means an amount equal to six percent of the capital of the company as computed in accordance with the provisions of the Second Schedule, or an amount of fifty thousand rupees, whichever is greater: Provided that where the previous year is longer or shorter than a period of twelve months, the aforesaid amount of six per cent. or, as the case may be, of fifty thousand rupees shall be increased or decreased proportionately: Provided further that where a company has different previous years in respect of its income, profits and gains, the aforesaid increase or decrease, as the case may be, shall be calculated with reference to the length of the previous year of the longest duration; and (10) all other words and expressions used herein but not defined and defined in the Income-tax Act shall have the meanings respectively assigned to them in that Act. SECTION 03: TAX AUTHORITIES (1) Every.....

The Super Clays and Mineral Mining Company (Private) Limited (Acquisition of Undertakings) Act, 1983 [1] Complete Act

State: Kerala

Year: 1983

.....(ACQUISITION OF UNDERTAKINGS) ACT, 1983 [1] THE SUPER CLAYS AND MINERAL MINING COMPANY (PRIVATE) LIMITED (ACQUISITION OF UNDERTAKINGS) ACT, 1983 [1] (ACT 3 OF 1984) An Act to provide for the acquisition and transfer of the undertakings of the Super Clays and Minerals Mining Company (Private) Limited with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued production and distribution of china clay which is essential to the needs of the economy of the State and for matters connected therewith or incidental thereto. Preamble .-WHEREAS the Super clays and Minerals Mining Company (Private) Limited has at present the ownership of, and control over, a significant portion of the china clay production in the State and marketed and distributed in India; AND WHEREAS the production of china clay by the Company had stopped from the year 1975 resulting in fall in production of the china clay which is essential to the needs of the economy of the State; AND WHEREAS the company was not in a position to pay wages to its workers in consequence of which it declared a lay-off with effect.....

Reserve Bank of India Act, 1934 (2 of 1934) Section 48

Title: Exemption of Banks from Income-tax and Super-tax

State: Central

Year: 1934

(1) Notwithstanding anything contained in the 1 [Income-tax Act, 1961 (43 of 1961)] or any other enactment for the time being in force relating to income-tax or super-tax, the bank shall not be liable to pay income-tax or super-tax on any of its income, profits or gains. 2 [***] _______________________ 1. Substituted by Act 24 of 1978, section 8, for "Indian Income-tax Act, 1922" (w.e.f. 21-7-1978). 2. The proviso and sub-section (2) omitted by Act 62 of 1948, section 7 and Schedule (w.e.f. 1-1-1949).

Multi State Co-operative Societies Act, 1984 [Repealed] Section 48

Title: Super Session of Board

State: Central

Year: 1984

.....and immediately on the constitution of such board the administrator shall hand over the management of such society to such newly constituted hoard and cease to function. (6) Where a multi-State co-operative society is indebted to any financial institution, the Central Registrar shall, before taking any action, under sub-section (1) in respect of that society, consult the financial institution. (7) Notwithstanding anything contained in this Act, the Central Registrar shall in the case of a co-operative bank. if so required in writing by the Reserve Bank in the public interest or for preventing the affairs of the co-operative bank being conducted in a manner detrimental to the interests of the depositors or for securing the proper management of a co-operative bank, pass an order for the super session, the board of that co-operative bank and for the appointment of an administrator therefore for such period or periods not exceeding five years in .the aggregate as may from time to time be specified by the Reserve Bank.

State Financial Corporations Act, 1951 Section 43

Title: Provisions Relating to Income-tax and Super-tax

State: Central

Year: 1951

.....on its income, profits and gains: Provided that any sum paid by the State Government under the guarantee given in pursuance of 2 [***] 3 [Section 7 or Section 8] shall not be treated as the income, profits and gains of the Financial Corporation and any interest on debentures, 4 [bonds or deposits] paid by the Financial Corporation out of such sum shall not be treated as expenditure incurred by it: Provided further that in the case of any shareholder such portion of a dividend as has been paid out of any such sum advanced by the State Government shall be deemed to be 5 [his] income from "interest on securities" 6 [and the income-tax shall be payable thereon as if it were the interest receivable on any security of a State Government issued income-tax free] within the meaning of Section 8 of that Act. ______________________ 1. Substituted by Act 43 of 1985, section 26, for "Indian Income-tax Act, 1922 (11 of 1922)" (w.e.f. 21-8-1985). 2. The words "Section 6 or" omitted by Act 39 of 2000, section 31 (w.e.f. 5-9-2000). 3. Substituted by Act 6 of 1962, section 22, for certain words (w.e.f. 16-4-1962). 4. Substituted by Act 6 of 1962, section 22, "or bonds".....

Electricity (Supply) Act, 1948 [Repealed] Section 80

Title: Provision Relating to Income-tax and Super-tax

State: Central

Year: 1948

(1) For the purposes of the Indian Income-tax Act, 1922 (11 of 1922), the Board shall be deemed to he a company within the meaning of that Act and shall be liable to income-tax and super-tax accordingly on its income, profits and gains. (2) The State Government shall not be entitled to any refund of any such taxes paid by the Board.

Warehousing Corporations Act, 1962 Section 39

Title: Provisions Relating to Income-tax and Super-tax

State: Central

Year: 1962

For the purposes of the Income-tax Act, 1961 (43 of 1961), a Warehousing Corporation shall be deemed to be a company within the meaning of that Act and shall be liable to income-tax and super-tax accordingly on its income, profits and gains: Provided that, in the case of the Central Warehousing Corporation, any sum paid by the Central Government under the guarantee given in pursuance of sub-section (1) of section 5 or, in the case of a Warehousing Corporation, any sum paid by the Central or a State Government under any guarantee given in pursuance of sub-section (4) of section 27 shall not be treated as income, profits and gains of a Warehousing Corporation, and any interest on the debentures or bonds issued by that Corporation out of such sums shall not be treated as expenditure incurred by it: Provided further that in the case of any shareholder or debenture-holder, such portion of a dividend or interest as has been paid out of any such sum advanced by the Central Government shall be deemed to be his income from interest on securities declared to be income-tax-free within the meaning of section 86 of that Act.

Deposit Insurance and Credit Guarantee Corporation Act, 1961 Section 30

Title: Income-tax and Super-tax

State: Central

Year: 1961

.....that Act on any of its income, profits or gains for the period commencing from the first day of January, 1977, and ending with the commencement of the accounting year during which Chapter II of the Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978, comes into force and for four accounting years following that years.] ____________________________ 1. Substituted for section 30 by Finance Act (20 of 1967) Section 44 (w.e.f. -4-1967). 2. Section 30 renumbered as sub-section (1) thereof, and after sub-section so renumbered sub-section (2) inserted by Act 21 of 1978, Section. 8(18) (w.e.f. 15-7-78). 3. Substituted for words "nine accounting years" by Finance Act (32 of 1971), Section. 53 (w.e.f. 1-4-71).

Agricultural Refinance and Development Corporation Act 1963 Section 42

Title: Provisions Relating to Income-tax and Super-tax

State: Central

Year: 1963

Any sum paid by the Central Government under the guarantee given in pursuance of Section 6-or, under any guarantee given in pursuance of sub-section (1) of Section 20 or sub-section (2) of Section 21 shall not be treated as the income, profits and gains of the Corporation, and any interest paid by the Corporation on debentures or bonds or on foreign currency borrowed under sub-section (1) of Section 21out of such sum shall not be treated for the purpose of income-tax or super-tax as expenditure incurred by it: PROVIDED that in the case of any shareholder such portion of a dividend as has been paid out of any such sum advanced by the Central Government shall be deemed to be his income from interest on securities declared to be income-tax free within the meaning of clause (i) of Section 86 of the Income Tax Act, 1961 (43 of 1961).