Bare Act Search Results

Finance Act, 1981 Complete Act

State: Central

Year: 1981

.....1981-82 Be it enacted by Parliament in the Thirty-second Year of the Republic of India as follows SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The finance Act, 1981. (2) Save as otherwise provided in this Act,sections 2-to45-andsection 53-shall be deemed to have come into force on the 1st day of April, 1981. SECTION 02: INCOME-TAX (1) Subject to the provisions of sub-section (2) and (3), for the assessment year commencing on the 1st day of April, 1981, income-tax shall be charted at the rates specified in part I of the First 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 First Schedule applies, where the assessee has in the previous year, any net agricultural income exceeding six hundred rupees in addition to total income, and the total income exceeds twelve thousand rupees, then,- (a) the net agricultural income shall be taken.....

Finance Act, 1981 Schedule I

Title: First Schedule

State: Central

Year: 1981

.....(C) any debentures issued by acompany where such debenturesare listed in a recognisedstock exchange in India inaccordance with theSecurities Contracts(Regulation) Act, 1956 (42 of1956), and any rules madethereunder (vi) on any other income (excludinginterest payable on a tax-freesecurity) 20 per cent. 2 per cent.; (b) where the person is not residentin India - (i) on the whole, income (excludinginterest payable on a tax-freesecurity) amount of the income, orincome-tax and surcharge onincome-tax in respect of theincome at the rates prescribedin Sub-Paragraph I of Paragraph Aof Part III of this Schedule, ifsuch income had been the totalincome,whichever is higher; income-tax at 30 per cent. and surcharge at 3 per cent. of the (ii) on income by way of interestpayable on a tax-free security 2. In the case of a company - 15 per cent. 1.5 per cent. (a) where the company is a domesticcompany - (i) on income by way of interestother than "Interest onsecurities" 20 per cent. 0.5 per cent.; (ii) on any other income (excludinginterest payable on a tax-freesecurity) 21.5 per.....

The Kerala Slum Areas (Improvement and Clearance)act, 1981 [1] Complete Act

State: Kerala

Year: 1981

THE KERALA SLUM AREAS (IMPROVEMENT AND CLEARANCE)ACT, 1981 [1] THE KERALA SLUM AREAS (IMPROVEMENT AND CLEARANCE)ACT, 1981 [1] (Act 24 of 1981) An Act to provide for the prevention, improvement and clearance of slum areas, for the acquisition of slum areas and of land required for the rehabilitation of slum dwellers and for the protection of tenants in slum areas from eviction . Preamble, "whereas it is necessary to provide for the prevention, improvement and clearance of slum areas, for the acquisition of slum areas and of land required for the rehabilitation of slum dwellers and for the protection of tenants in slum areas from eviction; be it enacted in the Thirty-second Year of the Republic of India as follows:" chapter I PRELIMINARY 1. Short title, extent and commencement."(1) This Act may be called the Kerala Slum Areas (Improvement and Clearance) Act, 1981. (2) It extends to the whole of the State of Kerala. (3) It shall come into force on such date as the Government may, by notification in the Gazette, appoint. 2. Definitions."In this Act, unless the context otherwise requires, "€ (a) "building" includes any.....

The Coimbatore City Municipal Corporation Act, 1981 Complete Act

State: Tamil Nadu

Year: 1981

.....includes any kind of bicycle, tricycle, cycle-rickshaw and palanquin, but does not include any motor vehicle within the meaning of Motor Vehicles Act, 1939 (Central Act IV of 1939); Notes Sec.2(6) " Carriage " Trailer Car " whether a carriage " Case decided with reference to Madras Act 18 MLJ 149 (7) "cart" includes any wheeled vehicle which is not a carriage but does not include any motor vehicle within the meaning of Motor vehicles Act, 1939 (Central Act IV of 1939); (8) "casual vacancy" means a vacancy occurring otherwise than by efflux of time and "casual election" means an election held on the occurrence of a causal vacancy; (9) "City of Coimbatore" or "City" means the local area comprised in the Coimbatore Municipality and includes any local area which after the commencement of this Act, is included in the City but does not include any local area which after such commencement is excluded from the City; (10) "Coimbatore Municipality" means the Coimbatore Municipality as constituted under the Tamil Nadu District Municipalities Act, 1920 (Tamil Nadu Act V of 1920); (11) "company" means " (a) any company as defined in the Companies Act, 1956 (Central Act I.....

Finance Act, 1981 Chapter III

Title: Direct Taxes

State: Central

Year: 1981

.....words "first proviso" shall be substituted. Section 26 to 31 - Wealth-Tax Section 26 - Amendment Of Section 21 In section 21 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), - (a) in sub-section (1), the following Explanation shall be inserted, namely :- "Explanation : A trust which in not declared by a duly executed instrument in writing (including a valid deed of wakf) shall be deemed, for the purposes of this sub-section, to be a trust declared by a duly executed instrument in writing if a statement in writing, signed by the trustee or trustees, setting out the purpose or purposes of the trust, particulars as to the trustee or trustees, the beneficiary or beneficiaries and the trust property, is forwarded to the Wealth-tax Officer, - (i) where the trust has been declared before the 1st day of June, 1981, within a period of three months from that day; and (ii) in any other case, within three months from the date of declaration of the trust."; (b) in sub-section (4), - (i) for the words "Notwithstanding anything contained in this section", the words "Notwithstanding anything contained in the foregoing provisions of this.....

Calcutta Thika Tenancy (Acquisition and Regulation) Act, 1981 Complete Act

State: West Bengal

Year: 1981

.....to Calcutta as defined in 44. Words, figures and brackets subs. for the words, figures and brackets "clause (11) of section 5 of Calcutta Municipal Act, 1951" by W.B. Act 41 of 1984 (w.e.f. 4.1.1984). [clause (9) of section 2 of the Calcutta Municipal Corporation Act, 1980] and 55. Words, figures and brackets subs. for the words "the municipality of Howrah" by W.B. Act 41 of 1984 (w.e.f. 10.1.1984). [to Howrah as defined in clause (15) of section 2 of the Howrah Municipal Corporation Act, 1980:] 66. Proviso ins. by W.B. Act 41 of 1984 (w.e.f. 10.1.1983). Provided that the provisions of this Act shall not extend to the whole or any area included within the limits of Howrah, which, immediately before the 10th day of January, 1983, being the date of coming into force of the Howrah Municipal Corporation Act, 1980, was not comprised in the municipality of Howrah: 6a6a. Proviso ins. by W.B. Act 41 of 1984 (w.e.f. 4.1.1984). Provided further that the provisions of this Act shall not extend to the whole or any area included within the limits of Calcutta, which, immediately before the 4th day of January, 1984, being the date of coming into force of the Calcutta Municipal Corporation.....

Land Acquisition (West Bengal Amendment) Act, 1981 Complete Act

State: West Bengal

Year: 1981

.....hereinafter appearing; It is hereby enacted as follows: Section 1 Short title This Act may be called the Land Acquisition (WestBengal Amendment) Act, 1981. Section 2 Application of the Act The Land Acquisition Act, 1894 (hereinafter referred to as the principal Act), shall, in its application to West Bengal, be amended in the manner hereinafter provided. Section 3 Amendment of section 3 of Act 1 of 1894 In section 3 of the principal Act, for the Explanation to clause (b), the following shall be substituted and shall be deemed always to have been substituted: "Explanation. A bargadar is a person who under the system generally known as adhi, barga or bhag cultivates the land of another person on condition of delivering a share of the produce of such land to that person and includes a person who under the system generally known as kisani cultivates the land of another person on condition of receiving a share of the produce of such land from that person;". Section 4 Amendment of section 23 In section 23 of the principal Act, for sub-section (4), the following sub-section shall be substituted and shall be deemed always to have been substituted: "(4) Compensation payable to a.....

Finance Act, 1981 Section 2

Title: Income-tax

State: Central

Year: 1981

.....and the sum so arrived at shall be the income-tax in respect of the total income. (3) In cases to which the provisions of Chapter XII or section 164 or section 164A or section 167A of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as 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. (4) In cases in which tax has to be deducted under sections 193, 194, 194A, 194B, 194BB, 194D and 195 of the Income-tax Act at the rates in force, the deduction shall be made at the rates specified in Part II of the First Schedule. (5) Subject to the provision 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).....

National Bank for Agriculture and Rural Development Act, 1981 Complete Act

State: Central

Year: 1981

.....shall stand dissolved. The Bill also provides for changes of a supplemental, incidental or consequential nature in the Reserve Bank of India Act, 1934,the Banking Regulation Act, 1949the Industrial Disputes Act. 1947andthe Payment of Bonus Act, 1965. 4. The Notes on clauses appended to the Bill explain the provisions of the Bill.-See Gaz, of India, 18-9-1981, Pt. II.S.2,Ext.p.683. 1An Act to establish a development bank to be known as the National Bank for Agriculture and Rural Development for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Thirty-second Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEPIENT (1)This Act may be called the National Bank for Agriculture and Rural Development Act, 1981 . (2) It extends to the whole of India. (3) It shall.....

Export Import Bank of India Act, 1981 Complete Act

State: Central

Year: 1981

.....it enacted by Parliament in the Thirty-second Year of the Republic of India as follows:- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Export-Import Bank of India Act, 1981. (2) It extends to the whole of India. (3) It shall come into force on such date1as the Central Government may, by notification in the Office of this Act in the Official Gazette, appoint, and different dates may be appointed for different provisions SECTION 02: DEFINITIONS. In this Act, unless the context otherwise requires,- (a) "Board" means the Board of Directors of Exim Bank referred to in S. 6; (b) "Development Bank" means the Industrial Development Bank of India established under the Industrial Development Bank of India Act, 1964- (c) "Exim Bank" means the Export-Import Bank of India established under section 3-; (d) "export" and "import" mean, respectively, export from or import into India or any other country of goods or services, or both; (e) "goods" includes all materials, commodities and articles in a solid, liquid or gaseous state and all forms of energy; (f) "notification" means a notification published in the Official Gazette; (g) "prescribed" means.....