Bare Act Search Results

Companies Act, 2013, Schedule

Title: Schedule Iii

State: Central

Year: 2013

.....investments do not have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated, the fact that the Board is of that opinion, shall be stated. PART II - STATEMENT OF PROFIT AND LOSS Name of the Company......................... Profit and loss statement for the year ended ........................... (Rupees in............) Particulars Note No. Figures as at the end of current reporting period Figures as at the end of the previous reporting period 1 2 3 4 I. Revenue from operations xxx xxx II. Other income xxx xxx III. Total Revenue (I + II) xxx xxx IV. Expenses: Cost of materials consumed Purchases of Stock-in-Trade Changes in inventories of finished goods xxx xxx work-in-progress and xxx xxx Stock-in-Trade xxx xxx Employee benefits expense xxx xxx Finance costs Depreciation and amortisation expense Other expenses Total expenses xxx xxx V. Profit before exceptional and extraordinary items and tax (III - IV) xxx xxx VI. Exceptional items xxx xxx VII. Profit before.....

National Highways Act, 1956 Complete Act

State: Central

Year: 1956

.....revised estimate is not likely to exceed, or does not exceed Rs. 10 lakhs: Provided further that the excess of expenditure is caused only by routine factors such as increase in the cost of labour or material and not due to revision in the scope or enlargement of the work or specifications already approved. (4) Where the expenditure upon any original work on a national highway is likely at any time to exceed, or exceeds, the amount of the estimate of the cost for such work no funds shall be allotted to the work by the Central Government in the cases provided for in sub-rule (1), (2) or (3), unless the provisions of those sub-rules are complied with except in cases where the Central Government directs otherwise.Explanation.- For the removal of doubts, it is hereby declared that in cases where the excess of expenditure is less than the percentage or amount specified in sub-rule (1) or sub- rule (2), it is not necessary to obtain technical approval and financial sanction of the Centrali Government for the revised estimate in accordance with those sub-rules only if the excess of expenditure is caused by routine factors such as increase in the cost of labour or material and not due to.....

Bombay Electricity Duty Act, 1958, (Maharashtra) Preamble

Title: the Bombay Electricity Duty Act, 1958

State: Maharashtra

Year: 1958

.....and low tension industrial consumers. Concessional rates were enjoyed by electro-chemical and electro-metallurgical industrial co-operative factories, production centres and other small scale industries. The concessional rates available to small scale industries and industrial co-operative factories and production centres run by certain institutions were proposed to be withdrawn, on the ground that there was a subsidy available under the Plan Scheme for small scale industries. It was proposed to reverse the concessional rates for electrochemical and electro-metallurgical industries so as to relate them directly to the proportion which the cost of energy constitutes to the total cost of manufacture. With a view to encouraging industrialisation in the industrially backward areas, it was proposed to grant total or partial exemption duty for new undertakings for a period of five years in certain areas. As regards agricultural use, the present rate was proposed to be kept unchanged. It was also proposed to remove certain deficiencies. The Act is designed to achieve the above objects- [Mah. Act No. 26 of 1962]. The Bombay Electricity Duty Act, 1958 was amended by the.....

Income Tax Act, 1961 Section 71

Title: Set off of Loss from One Head Against Income from Another

State: Central

Year: 1961

.....year, the net result of the computation under the head Capital gains is a loss and the assessee has income assessable under any other head of income, the assessee shall not be entitled to have such loss set-off against income under the other head. (4) Where the net result of the computation under the head Income from house property is a loss, in respect of the assessment years commencing on the 1st day of April, 1995 and the 1st day of April, 1996, such loss shall be first set-off under sub-sections (1) and (2) and thereafter the loss referred to in section 71A shall be set-off in the relevant assessment year in accordance with the provisions of that section. ______________________________ 1. Inserted by the Finance (No. 2) Act, 2004, with effect from 1st April, 2005.

Karnataka Universities of Agricultural Sciences Act, 1963 Section 21

Title: Heads of Divisions

State: Karnataka

Year: 1963

(1) There shall be the following Heads of Divisions, namely: (i) Head of Basic Sciences and Humanities Division. (ii) Head of Plant and Soil Sciences Division. (iii) Head of Horticulture Sciences Division. (iv) Head of Animal Sciences Division. (v) Head of Dairying Sciences Division. (vi) Head of Veterinary Sciences Division. (vii) Head of Fisheries Sciences Division. (viii) Head of Home Economics Division. (ix) Head of Agricultural Engineering Sciences Division. (2) The Heads of Divisions shall be whole time officers technically trained in the subject concerned and shall be responsible to the Dean and the respective Directors and shall exercise such powers and perform such functions in respect of the Division concerned as may be prescribed. (3) The salary and allowances and other conditions of service of the Heads of Divisions shall be such as may be prescribed.

Karnataka Veterinary, Animal and Fisheries Sciences University Act, 2004 Section 23

Title: Heads of Divisions

State: Karnataka

Year: 2004

(1) There shall be the following Heads of Divisions, namely::-- 1. Head of Animal Sciences Division. 2. Head of Dairy Sciences Division, 3. Head of Veterinary Sciences Division, 4. Head of Poultry Sciences Division. 5. Head of Fisheries Sciences Division, (2) The Heads of Divisions shall be whole time officers and technically trained in the subject concerned and shall be responsible to the Dean and the respective Directors and shall exercise such powers and perform such functions in respect of the Division concerned as may be prescribed. (3) The salary and allowances payable to and other conditions of service of, the Heads of Divisions shall be such as may be prescribed.

Kannada University Act, 1991 Section 36

Title: Terms and Conditions of Service of Heads of Departments

State: Karnataka

Year: 1991

(1) Each Department of the University shall have a Head who shall be a Professor and whose duties and functions and terms and conditions of appointment shall be as may be prescribed: Provided that if there is more than one Professor in any Department, the Head of the Department shall be appointed in the manner prescribed: Provided further that in a Department where there is no Professor, an Associate Professor or an Assistant Professor may be appointed as Head of the Department in the manner prescribed. (2) It shall be open to a Professor or Associate Professor or Assistant Professor to decline the offer of appointment as Head of the Department. (3) A person appointed as Head of the Department shall hold office as such for a period of three years and shall be eligible for reappointment. (4) A Head of the Department may resign his office at any time during his tenure of office. (5) A Head of the Department shall perform such functions as may be prescribed.

INCOME TAX ACT, 1961 Section 74

Title: Losses under the head 'Capital gains'

State: Central

Year: 1961

.....of this section as it stood before the 1st day of April, 1988, shall be dealt with in the assessment year commencing on the 1st day of April, 1988, or any subsequent assessment year as follows: (a) in so far as such loss relates to short-term capital assets, it shall be carried forward and set-off in accordance with the provisions of sub-sections (1) and (2); (b) in so far as such loss relates to long-term capital assets, it shall be reduced by the deductions specified in sub-section (2) of section 48 and the reduced amount shall be carried forward and set-off in accordance with the provisions of subsection (1) but such carry forward shall not be allowed beyond the fourth assessment year immediately succeeding the assessment year for which the loss was first computed.

Income Tax Act, 1961 Section 70

Title: Set off of Loss from One Source Against Income from Another Source Under the Same Head of Income

State: Central

Year: 1961

.....to 55 in respect of any capital asset (other than a short-term capital asset) is a loss, the assessee shall be entitled to have the amount of such loss set-off against the income, if any, as arrived at under a similar computation made for the assessment year in respect of any other capital asset not being a short-term capital asset.] ____________________________ 1. Substituted by the Finance Act, 2002, with effect from 1st April, 2003. Prior to substitution, section 70 stood as under: 70. Set-off of loss from one source against income from another source under the same head of income. Save as otherwise provided in this Act, where the net result for any assessment year in respect of any source falling under any head of income is a loss, the assessee shall be entitled to have the amount of such loss set-off against his income from any other source under the same head.

Income Tax Act, 1961 Section 44C

Title: Deduction of Head Office Expenditure in the Case of Nonresidents

State: Central

Year: 1961

.....giving effect to the allowance referred to in this section or in sub-section (2) of section 32 or the deduction referred to in section 32A or section 33 or section 33A or the first proviso to clause (ix) of sub-section (1) of section 36 or any loss carried forward under sub-section (1) of section 72 or sub-section (2) of section 73 or sub-section (1) or sub-section (3) of section 74 or sub-section (3) of section 74A or the deductions under Chapter VIA; (ii) average adjusted total income means, - (a) in a case where the total income of the assessee is assessable for each of the three assessment years immediately preceding the relevant assessment year, one-third of the aggregate amount of the adjusted total income in respect of the previous years relevant to the aforesaid three assessment years; (b) in a case where the total income of the assessee is assessable only for two of the aforesaid three assessment years, one-half of the aggregate amount of the adjusted total income in respect of the previous years relevant to the aforesaid two assessment years; (c) in a case where the total income of the assessee is assessable only for one of the aforesaid three assessment.....