Bare Act Search Results

Finance Act, 1993 Complete Act

State: Central

Year: 1993

.....BE it enacted by Parliament in the Forty-fourth Year of the Republic of India as follows:- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called the Finance Act, 1993. (2) Save as otherwise provided in this Act. Section 2 to 42(except section 14) shall be deemed to have come into force on the 1st day of April. 1993. SECTION 02: INCOME TAX (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1993. income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the relate of income- tax calculated under Chapter VIII-A of the Income-tax Act, 1961-(hereinafter referred to as the Income-tax Act) 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 First Schedule applies; where the assessee has in the previous year any net agricultural income.....

Finance Act, 1993 Chapter II

Title: Rates of Income-tax

State: Central

Year: 1993

.....be the income-tax in respect of the total income. (3) In cases to which the provisions of Chapter XII or Chapter XII-A or sub-section (1A) of section 161 or section 164 or section 164A or section 167B of the Income-tax Act apply, the tax chargeable shall be determined as provided in that Chapter or that section, and with reference to the rates imposed by sub-section (1) or the rates as specified in that Chapter or section, as the case may be : Provided that the amount of income-tax computed in accordance with the provisions of section 112 shall be increased by a surcharge for purposes of the Union or surcharge as provided in Paragraph A, B, C, D or E, as the case may be, of Part I of the First Schedule : Provided further that in respect of any income chargeable to tax under section 115B or section 115BB of the Income-tax Act, - (a) the income-tax computed under section 115B shall be increased by a surcharge calculated at the rate of fifteen per cent. of such income-tax; and (b) the income-tax computed under section 115BB shall be increased, - (i) in the case of a person other than a company, being a resident in India, by a surcharge for purposes of the Union.....

Finance Act, 1993 Section 2

Title: Income-tax

State: Central

Year: 1993

.....be the income-tax in respect of the total income. (3) In cases to which the provisions of Chapter XII or Chapter XII-A or sub-section (1A) of section 161 or section 164 or section 164A or section 167B of the Income-tax Act apply, the tax chargeable shall be determined as provided in that Chapter or that section, and with reference to the rates imposed by sub-section (1) or the rates as specified in that Chapter or section, as the case may be : Provided that the amount of income-tax computed in accordance with the provisions of section 112 shall be increased by a surcharge for purposes of the Union or surcharge as provided in Paragraph A, B, C, D or E, as the case may be, of Part I of the First Schedule : Provided further that in respect of any income chargeable to tax under section 115B or section 115BB of the Income-tax Act, - (a) the income-tax computed under section 115B shall be increased by a surcharge calculated at the rate of fifteen per cent. of such income-tax; and (b) the income-tax computed under section 115BB shall be increased, - (i) in the case of a person other than a company, being a resident in India, by a surcharge for purposes of the Union.....

Finance Act, 1993 Schedule I

Title: Schedule

State: Central

Year: 1993

..... (4) Notwithstanding anything contained in this rule, no loss which has not been determined by the Assessing Officer under the previsions of these rules or the rules contained in Part IV of the First Schedule to the Finance Act, 1985 (32 of 1985), or the First Schedule to the Finance Act, 1986 (23 of 1986), or of the First Schedule to the Finance Act, 1987 (11 of 1987), or of the First Schedule to the Finance Act, 1988 (26 of 1988), or of the First Schedule to the Finance Act, 1989 (13 of 1989), or of the First Schedule to the Finance Act, 1990 (12 of 1990), or of the First Schedule to the Finance (No. 2) Act, 1991 (49 of 1991), or of the First Schedule to the Finance Act, 1992 (18 of 1992), shall be set off under sub-rule (1) or, as the case may be, sub-rule (2). Rule 9 - 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 10 - 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.....

Finance Act, 1993 Chapter III

Title: Direct Tax

State: Central

Year: 1993

.....than units referred to in section 115AB) listed in a recognised stock exchange in India in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), and any rules made thereunder; or (b) income by way of short-term or long-term capital gains arising from the transfer of such securities, the income-tax payable shall be the aggregate of - (i) the amount of income-tax calculated on the income in respect of securities referred to in clause (a), if any, included in the total income, at the rate of twenty per cent.; (ii) the amount of income-tax calculated on the income by way of short-term capital gains referred to in clause (b), if any, included in the total income, at the rate of thirty per cent.; (iii) the amount of income-tax calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income, at the rate of ten per cent.; and (iv) the amount of income-tax with which the Foreign Institutional Investor would have been chargeable had its total income been reduced by the amount of income referred to in clause (a) and clause (b). (2) Where the gross total income of the.....

Finance Act, 1993 Section 42

Title: Amendment of Schedule Ii

State: Central

Year: 1993

.....date, the quotation on the date closest to such date and immediately preceding such date. Explanation : The words and expressions used in this rule and rules 3 to 7 but not defined and defined in rule 2 of Schedule III to the Wealth-tax Act shall have the meanings respectively assigned to them in rule 2 of that Schedule. 3. Special provision for quoted shares of companies. - Notwithstanding anything in rule 2, the value of an equity share in any company which is a quoted share may, at the option of the assessee or a company, be taken on the basis of the average of the value quoted on the 31st day of March immediately preceding the assessment year and the values quoted in respect of such share on the said dates in relation to each of the immediately preceding nine assessment years, or where there is no such quotation on any of the aforesaid dates, the quotation on the date closest to the said date and immediately preceding such date : Provided that where for any reason the value of such share is quoted in relation to lesser number of assessment years than the said nine assessment years, then the value or values so quoted shall be taken into account for the purposes of.....

National Thermal Power Corporation Limited, the National Hydroelectric Power Corporation Limited and the Northeastern Electric Power Corporation Limited (Acquisition and Transfer of Power Transmissio Complete Act

State: Central

Year: 1993

.....Transfer of Power Transmission Systems) Act, 1993. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) The provisions ofsections 8-to11-andsections 13-to16-shall be deemed to have come into force on the 8th day of January, 1993 and the remaining provisions of this Act shall be deemed to have come into force on the 1st day of April, 1992 and any reference to the commencement of this Act in any provision of this Act shall be construed as a reference to the commencement of that provision. SECTION 02: DEFINITIONS - In this Act, unless the context otherwise requires,- (a) "appointed day" means the 1st day of April, 1992; (b) "associated personnel" means the employees of each of the three companies associated with its power transmission system; (c) "Corporation" means the Power Grid Corporation of India Limited, being a company within the meaning of theCompanies Act, 1956-and having its registered office at Hernkunt Chambers, 89, Nehru Place, New Delhi-110019; (d) "notifications" means a notification published in the Official Gazette; (e) "power transmission system", in relation to each company specified in the First Schedule, means the main transmission.....

West Bengal Municipal Act, 1993 Complete Act

State: West Bengal

Year: 1993

.....epidemic, endemic, or infectious disease which the State Government may, by notification, declare to be a dangerous disease for the purposes of this Act; 44. Clause (15A) ins, by W.B. Act 45 of 1994. (15A) "District Magistrate" means the District Magistrate referred to in sub-section (1) of S.20 of the Code of Criminal Procedure, 1973; 55. Clauses (15B) and (15C) ins. by W.B. Act 32 of 1997. (15B) "District Planning Committee" means the District Planning Committee constituted under sub-section (1) of S.3 of the West Bengal District Planning Committee Act, 1994, and includes the Siliguri Sub-Division Planning Committee; 55. Clauses (15B) and (15C) ins. by W.B. Act 32 of 1997. (15C) "Draft Development Plan" means the Draft Development Plan prepared under section 297; (16) "drain" includes a sewer, a house-drain, a drain of any other description, a tunnel, a culvert, a ditch, a channel and any other device for carrying of sullage, sewage, offensive matter, polluted water, rain-water or subsoil water; (17) "drug" means any substance used as medicine or in the composition or preparation of medicines, whether for internal or external use, but does not include a drug within the.....

Karnataka Panchayat Raj Act, 1993 Chapter XVII

Title: Financial Control and Audit

State: Karnataka

Year: 1993

.....issued thereunder, the Taluk Panchayat may within two months from the date of receipt of the budget modify the same to secure compliance with this Act, the rules or the orders: Provided that the Taluk Panchayat shall not have power to direct that total proposed expenditure shall exceed the total of the estimated income of the Grama Panchayat for the following year and the opening balance. (5) If the Grama Panchayat fails to pass the budget estimate on or before the date mentioned in sub-section (1), the Secretary shall forward the budget estimate to the Taluk Panchayat and it shall approve it with or without modification. The budget as approved by the Taluk Panchayat shall be certified by the Executive Officer and thereupon shall be deemed to have been duly approved by the Grama Panchayat. Section 242 - Revision of budget If, in the course of the official year, the Grama Panchayat finds it necessary to modify the provisions made in the budget with regard to the receipts or to the distribution of the amounts to be expended on the different services it undertakes, it may make such modifications: Provided that no diversion of grants transferred by the Government out of.....

Karnataka Panchayat Raj Act, 1993 Section 267

Title: Finance Commission

State: Karnataka

Year: 1993

.....(5) or for any other reason may be filled by fresh appointment and a member or Chairman so appointed shall hold office for the remaining period for which the member or Chairman in whose place he was appointed would have held office. (7) The Commission shall have the following powers in the performance of its functions namely:- (a) to call for any record from any officer or authority; (b) to summon any person to give evidence or produce records; and (c) such other power as may be prescribed. (8) The Governor shall cause every recommendation made by the Finance Commission under this section together with an explanatory memorandum as to the action taken thereon to be laid before both the Houses of the State Legislature.