Bare Act Search Results

Finance Act, 1978 Complete Act

State: Central

Year: 1978

.....Be it enacted by Parliament in the Twenty-ninth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act maybe called The Finance Act, 1978. (2) Save as otherwise provided in this Act, sections 2-to33-and section 40 shall be deemed to have come into force on the 1st day of April, 1978. SECTION 02: INCOME-TAX (1) Subject lo the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1978, income-tax shall be charged at the rates specified in part I of the Schedule and shall be increased, - (a) in the cases to which Paragraphs A, B, C and D of that Part apply, by a surcharge for purposes of the Union; and (b) in the cases to which paragraph E of that Part applies, by a surcharge, calculated in each case in the manner provided therein. (2) In the cases to which Sub-Paragraph I or Sub-Paragraph II of Paragraph A of part I of the Schedule applies, where the assessee has in the previous year, any net agricultural income, in addition to total income, and the total income exceeds ten thousand rupees, then, - (a) the net agricultural income shall be taken into account, in the manner provided in.....

Finance Act 1978 Chapter II

Title: Rates of Income-tax

State: Central

Year: 1978

.....the Schedule. (5) Subject to the provisions of sub-section (6), in cases in which income-tax has to be calculated under the first proviso to sub-section (5) of section 132 of the Income-tax Act or charged under sub-section (4) of section 172 or sub-section (2) of section 174 or section 175 or sub-section (2) of section 176 of the said Act or deducted under section 192 of the said Act from income chargeable under the head "Salaries" or deducted under sub-section (9) of section 80E of the said Act from any payment referred to in the said sub-section (9) or in which the "advance tax" payable under Chapter XVII-C of the said Act has to be computed, at the rate or rates in force, such income-tax or, as the case may be, "advance tax" shall be so calculated, charged, deducted or computed at the rates specified in Part III of the Schedule : Provided that in cases to which the provisions of Chapter XII of section 164 of the Income-tax Act apply, "advance tax" shall be computed with reference to the rates imposed by this sub-section or the rates as specified in that Chapter or section, as the case may be. (6) In the cases to which Sub-Paragraph I or Sub-Paragraph II of Paragraph A.....

Finance Act 1978 Section 2

Title: Income-tax

State: Central

Year: 1978

.....the Schedule. (5) Subject to the provisions of sub-section (6), in cases in which income-tax has to be calculated under the first proviso to sub-section (5) of section 132 of the Income-tax Act or charged under sub-section (4) of section 172 or sub-section (2) of section 174 or section 175 or sub-section (2) of section 176 of the said Act or deducted under section 192 of the said Act from income chargeable under the head "Salaries" or deducted under sub-section (9) of section 80E of the said Act from any payment referred to in the said sub-section (9) or in which the "advance tax" payable under Chapter XVII-C of the said Act has to be computed, at the rate or rates in force, such income-tax or, as the case may be, "advance tax" shall be so calculated, charged, deducted or computed at the rates specified in Part III of the Schedule : Provided that in cases to which the provisions of Chapter XII of section 164 of the Income-tax Act apply, "advance tax" shall be computed with reference to the rates imposed by this sub-section or the rates as specified in that Chapter or section, as the case may be. (6) In the cases to which Sub-Paragraph I or Sub-Paragraph II of Paragraph A.....

Finance Act 1978 Schedule I

Title: First Schedule

State: Central

Year: 1978

..... (5) Notwithstanding anything contained in this rule, no loss which has not been determined by the Income-tax Officer under the provisions of these rules or the rules contained in Part IV of the First Schedule to the Finance Act, 1974 (20 of 1974), or of the First Schedule to the Finance Act, 1975 (25 of 1975), or of the First Schedule to the Finance Act, 1976 (66 of 1976), or of the First Schedule to the Finance (No. 2) Act, 1977 (29 of 1977), shall be set off under sub-rule (1) or as the case may be, sub-rule (2). Rule 10 - Where the net result of the computation made in accordance with these rules is a loss, the loss so computed shall be ignored and the net agricultural income shall be deemed to be nil. Rule 11 - The provisions of the Income-tax Act relating to procedure for assessment (including the provisions of section 288A relating to rounding off of income) shall, with the necessary modifications, apply in relation to the computation of the net agricultural income of the assessee as they apply in relation to the assessment of the total income. Rule 12 - For the purposes of computing the net agricultural income of the assessee, the Income-tax Officer shall have the.....

The Sikkim Cooperative Societies Act, 1978 Complete Act

State: Sikkim

Year: 1978

.....Saving of existing societies.' 117. Powers to make rules. 118. Repeal. 119. Power to remove difficulties. THE SIKKIM CO-OPERATIVE SOCIETIES ACT, 1978 ACT NO. 12 OF 1978. AN ACT to consolidate and amend the law relating ta co-operative societies in the State 'Of Sikkim. (5th April, 1978) WHEREAS it is expedient to further facilitate the formation and working 'Of co-operative societies for the promotion 'Of thrift, self help and mutual aid among persons with common economic needs and to bring about improvement in agriculture and industry through better methods 'Of production, better business and better living and far that purpose to amend and consolidate the law relating to co-operative societies in the State 'Of Sikkim. Be it enacted by the State Legislature in the Twenty ninth Year 'Of the Republic 'Of India as follows ; CHAPTER I Preliminary Short title, extent and commencement. 1 (i) This Act may be called the Sikkim Co-operative societies Act, 1978. (ii) It extends to the whole 'Of the State 'Of Sikkim. (iii) It shall came into force an such date as the Government may, by notification in the Official Gazette appoint. In this act, unless the.....

Delhi Police Act, 1978 Complete Act

State: Delhi

Year: 1978

.....Act, 1955, or under section 12 of that Act in so far as it relates to satta gambling or on two or more occasions under any other provisions of that Act (including section 12 of that Act in so far as it does not relate to satta gambling); or (c) of any offence under the Suppression of Immoral Traffic in Women and Girls Act, 1956; or (d) of any offence under section 25, section 26, section 27, section 28 or section 29 of the Arms Act, 1959; or (e) of any offence under section 135 of the Customs Act, 1962; or (f) of any offence under section 61, section 63 or section 66, of the Punjab Excise Act, 1955, as in Delhi; or (g) on two or more occasions of an offence under (i) the Opium Act, 1878; or (ii) the Dangerous Drugs Act, 1930; or (iii) the Drugs and Cosmetics Act, 1940; or (iv) section 11 of the Bombay Prevention of Begging Act, 1959, as in force in Delhi; or (h) on three or more occasions of an offence under section 105 or section 107 of this Act, the Commissioner of Police may, if he has reason to believe that such person is likely again to engage himself in the commission of any of the offences referred to in this section, by order in writing, direct such.....

Hindustan Tractors Limited (Acquisition and Transfer of Undertakings) Act, 1978 Complete Act

State: Central

Year: 1978

.....Corporation being the Authorised Controller. The period of the management will expire on the 11th March, 1979. The Company is engaged in the manufacture of agricultural tractors. After the take over of the management of the undertakings of the Company, The production in the Company, which had come to a standstill in November, 1972, has progressively improved. The net losses have come down from the level of Rs. 80 lakhs for the year ending March, 1973 to Rs.9 lakhs for the year ending March, 1977 and during 1977-78 they expect to achieve a nominal net profit of Rs.1 lakh. After careful consideration of the whole matter and with a view to improving the technical and economic viability of the undertakings, the Central Government have decided to acquire the undertakings of the Company and vest them in the State Government of Gujarat. 2. At the time of take over of the management of the undertakings of the Company, it was clear that it was not possible for the Company to meet all its past dues. Accordingly, the Central Government issued an order on the 26th April, 1973, under section 18FB of the Industries (Development and Regulation) Act, 1951, suspending the operation of all the.....

Public Sector Iron and Steel Companies (Restructuring) Chapter III

Title: Transfer of Shares

State: Central

Year: 1978

.....or immovable properties, as the case may be, under the provisions of this Act. (2) In specifying the amount under sub-section (1), the Central Government shall have regard to the following factors, namely : (i) the book value of shares referred to in section 8, 9, 10 or 11, as the case may be, of the concerned company, on the appointed day, (ii) the net value of the undertakings of the dissolved company and transferred unit, as on the appointed day, and (iii) the book value of the immovable properties owned by the Hindustan Steel Limited referred to in section 7, as on the appointed day, as are transferred to or from the companies referred to in sub-section (1). (3) Every order made under sub-section (1) shall be made within a period of one year from the appointed day and any such order may take effect prospectively or retrospectively, but not with effect from a date earlier than the appointed day. (4) Any order made by the Central Government under this section may include a direction for the issue or cancellation of appropriate number of shares so as to give effect to the provisions of this Act.

Public Sector Iron and Steel Companies (Restructuring) Section 13

Title: Power of Central Government to Modify Amount of Paid-up Share Capital of Integral Company, Etc. and Issue of Shares

State: Central

Year: 1978

.....or immovable properties, as the case may be, under the provisions of this Act. (2) In specifying the amount under sub-section (1), the Central Government shall have regard to the following factors, namely : (i) the book value of shares referred to in section 8, 9, 10 or 11, as the case may be, of the concerned company, on the appointed day, (ii) the net value of the undertakings of the dissolved company and transferred unit, as on the appointed day, and (iii) the book value of the immovable properties owned by the Hindustan Steel Limited referred to in section 7, as on the appointed day, as are transferred to or from the companies referred to in sub-section (1). (3) Every order made under sub-section (1) shall be made within a period of one year from the appointed day and any such order may take effect prospectively or retrospectively, but not with effect from a date earlier than the appointed day. (4) Any order made by the Central Government under this section may include a direction for the issue or cancellation of appropriate number of shares so as to give effect to the provisions of this Act.

Additional Duties of Excise (Textiles and Textile Articles) Act,1978 Schedule I

Title: Schedule

State: Central

Year: 1978

.....heading in the Schedule to the Central Excise Tariff Act, 1985. 2. The rules for the" interpretation of the Schedule to the Central Excise Tariff Act, 1985, and the Section and Chapter Notes of the said Schedule shall apply for the purposes of classification of goods specified in the Schedule. S.No. Description of goods (1) (2) 1. Silk, that is to say, all goods falling within Chapter 50. 2. Wool, that is to say, all goods falling within Chapter 51. 3. Cotton, that is to say, all goods falling within Chapter 52. 3[4. Man-made filaments; strip and the like of man- made textile materials, that is to say, all goods falling within Chapter 54." 5. Man-made staple fibres, that is to say, all goods falling within Chapter 55. 6. Terry towelling and similar woven terry fabrics, falling within heading No. 58.02. 7. Tulle and other net fabrics, not including woven, knitted or crocheted fabrics; lace in the piece, in strips or in motifs, falling within heading No. 58.04. 8......