Bare Act Search Results

Finance Act, 1983 Complete Act

State: Central

Year: 1983

.....OF CLOSELY-HELD COMPANIES - [Note this section has been omitted by Finance Act 18 to 1992 S. 117 (1-4-1993)]. SECTION 41: (Amendments to Wealth-tax Act incorporated in that Act. hence not given,] SECTION 42: AMENDMENT OF SECTION 5 - (Amendments incorporated in the Principal Act]. SECTION 43: AMENDMENT OF SECTION 4 - Insection 4 of the Interest-tax Act, 1974-the following proviso shall be inserted at the end, namely:- "Provided that the rate at which interest-tax shall be charged in respect of any chargeable interest accruing or arising after the 31st day of March, 1983 shall be three and a half per cent. of such chargeable interest" SECTION 44: AMENDMENT OF ACT 51 OF 1975 - [Amendments incorporated in the Customs Tariff Act, 1975] SECTION 45: AUXILIARY DUTIES OF CUSTOMS (1) In the case of goods mentioned in the First Schedule to the Customs Tariff Act, or in that Schedule as amended from-time to time. there shall believed and collected as an auxiliary duty of customs an amount equal to fifty percent. of the value of the goods as determined in accordance with the provisions ofSection 14 of the Customs Act, 1962-(hereinafter referred to as the Customs Act). (2) Sub-section (1).....

Finance Act, 1983 Schedule I

Title: First Schedule

State: Central

Year: 1983

.....any debentures issued by a company where such debentures are listed in a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956), and any rules made thereunder (vi) on any other income (excluding interest payable on a tax-free security) 20 per cent. 2.5 per cent.; (b) where the person is not resident in India - (i) in the case of a non-resident Indian - (A) on investment income and long-term capital gains 20 per cent. 2.5 per cent.; (B) on income by way of interest payable on a tax-free security 15 per cent. 1.875 per cent.; (C) on the whole of the other income cent. of the amount of the income, income-tax at 30 per cent. and surcharge at 3.75 per or income-tax and surcharge on income-tax in respect of the income at the rates prescribed in Sub-Paragraph I of Paragraph A of Part III of this Schedule, if such income had been the total income, whichever is higher; (ii) in the.....

Finance Act, 1983 Chapter III

Title: Direct Taxes

State: Central

Year: 1983

.....April, 1984, namely :- "43B. Certain deductions to be only on actual payment. - Notwithstanding anything contained in any other provision of this Act, a deduction otherwise allowable under this Act in respect of - (a) any sum payable by the assessee by way of tax or duty under any law for the time being in force, or (b) any sum payable by the assessee as an employer by way of contribution to any provident fund or superannuation fund or gratuity fund or any other fund for the welfare of employees, shall be allowed (irrespective of the previous year in which the liability to pay such sum was incurred by the assessee according to the method of accounting regularly employed by him) only in computing the income referred to in section 28 of that previous year in which such sum is actually paid by him. Explanation : For the removal of doubts, it is hereby declared that where a deduction in respect of any sum referred to in clause (a) or clause (b) of this section is allowed in computing the income referred to in 28 of the previous year (being a previous year relevant to the assessment year commencing on the 1st day of April, 1983 or any earlier assessment year) in which the.....

Finance Act, 1983 Section 36

Title: Insertion of New Chapter Xii-a

State: Central

Year: 1983

.....into money. 115G. Return of income not to be filed in certain cases. - It shall not be necessary for a nonresident Indian to furnish under sub-section (1) of section 139 A return of his income if - (a) his total income in respect of which he is assessable under this Act during the previous year consisted only of investment income or income by way of long-term capital gains or both; and (b) the tax deductible at source under the provisions of Chapter XVII-B has been deducted from such income. 115H. Benefit under Chapter to be available in certain cases even after the assessee becomes resident. - Where a person, who is a non-resident Indian In Any previous year, becomes assessable as resident in India in respect of the total income of any subsequent year, he may furnish to the Income-tax Officer a declaration in writing along with his return of income under section 139 for the assessment year for which he is so assessable, to the effect that the provisions of this Chapter shall continue to apply to him in relation to the investment income derived from any foreign exchange asset being an asset of the nature referred to in sub-clause (ii) or sub-clause (iii) or.....

National Oilseeds and Vegetable Oils Development Board Act, 1983 Complete Act

State: Central

Year: 1983

.....it enacted by Parliament in the Thirty-fourth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the National Oilseeds and Vegetable Oils Development Board Act, 1983. (2) It extends to the whole of India. (3) It shall come into force on such date" as the Central Government may, by notification in the Official Gazette, appoint. SECTION 02: DECLARATION AS TO EXPEDIENCY OF CONTROL BY THE Union.- It is hereby declared that it is expedient in the public interest that the Union should take under its control the oilseeds industry. SECTION 03: DEFINITIONS - In this Act, unless the context otherwise requires,- (a) "Board" means the National Oilseeds and Vegetable Oils Development Board established under section 4-; (b) "Chairman" means the Chairman of the Board; (c) "coconut" has the same meaning as in the Coconut Development Board Act, 1979; (d) "Executive Director" means the Executive Director of the Board ; (e) "member" means a member of the Board; (f) "oilseed" does not include coconut; (g) "prescribed" means prescribed by rules made under this Act; (h) "vegetable oil" means any oil produced from oilseeds, or any.....

Finance Act, 1983 Section 39

Title: Consequential Amendments to Certain Sections

State: Central

Year: 1983

.....not be used, directly or indirectly for the purposes of such business;"; (d) in sub-section (3) of section 80P - 43after the words, figures and letters "or section 80HHB", the words, figures and letters "or section 80HHC" shall be inserted; (ii) for the words, figures and letters "section 80JJA" shall be omitted with effect from the 1stday of April, 1984; (iii) for the words, figures and letters "section 80HHB, section 80-I", the words, figures and letters "section 80HHB, section 80HHC, section 80-I" shall be substituted; (iv) for the words, figures and letters "section 80J, section 80JJ and section 80JJA", the words, figures and letters "and section 80J and section 80JJ" shall be substituted with effect from the 1stday of April, 1984.

Maharashtra Agricultural Universities (Krishi Vidyapeeths) Act, 1983 Complete Act

State: Maharashtra

Year: 1983

.....after he attains the age of sixty-five years. (4B) For the removal of doubt, it is hereby declared that, notwithstanding anything contained in this Act or the terms of any contract of service or the term of office of any person who, on the date of commencement of the Maharashtra Agricultural Universities (Krishi Vidyapeeths) (Amendment) Act, 1989, continues to hold the office of the Vice-Chancellor of any University:- (a) after having completed three years or more in such office or attained the age of sixty -five years ; or (b) completes three years in such office after the date of such commencement, shall cease to hold such office on the date of such commencement or, as the case may be, on the date of completion of three years in such office, and accordingly such person shall be deemed to have vacated such office on the respective such date and such office shall be deemed to be vacant on such date. (5) The Vice-Chancellor may, after giving three months' notice, resign his office, by tendering his resignation in writing to the Chancellor. The resignation shall take effect on its acceptance by the Chancellor. SECTION 18: POWERS AND DUTIES OF VICE-CHANCELLOR (1) The.....

Textile Undertakings (Taking over of Management) Act, 1983 Section 4

Title: Custodian of the Textile Undertakings

State: Central

Year: 1983

.....company (including the power to dispose of any properties or assets of the textile company) whether such powers are derived from the Companies Act, 1956, or from the memorandum and articles of association of the concerned textile company or from any other source. (8) Every person having possession, custody or control of any property forming part of the textile undertaking shall deliver forthwith such property to the Custodian or to any officer or other employee of the Central Government or the Custodian, as may be authorised by the Central Government or the Custodian in this behalf. (9) Any person who, on the appointed day, has in his possession or under his control any books, papers or other documents relating to the textile undertaking the management of which has vested in the Central Government under this Act shall, notwithstanding anything contained in any other law for the time being in force, be liable to account for the books, papers and other documents (including such minutes books, cheque books, letters, memoranda, notes or other communication) to the Custodian and shall deliver them up to the Custodian or to any such person (being an officer or other employee.....

Textile Undertakings (Taking over of Management) Act, 1983 Chapter II

Title: Taking over of the Management of Certain Extile Undertakings

State: Central

Year: 1983

.....for the vesting in it, under section 3, of the management of the textile undertaking of the company. (2) for every month during which the management of the textile undertaking remains vested in the Central Government under this Act, the amount referred to in sub-section (1), shall be computed (i) for a spinning unit, at the rate of fifty paise per 1,000 spindles or any part thereof; (ii) for a weaving unit, at the rate of one rupee per 100 looms or any part thereof; (iii) for a composite unit with or without dye-house, at the rate of fifty paise per 1,000 spindles or any part thereof plus one rupee per 100 looms plus one paisa per 10,000 meters of cloth processed in the dye-house based on the average monthly production during the period of three years immediately preceding the appointed day; (iv) for a wholly processing unit (being a unit which does not have any spindle or loom), one paise per one thousand square meters or any part thereof of the average of the total quantity of textiles processed during the period of three years immediately preceding the appointed day in such unit.

African Development Bank Act, 1983 Schedule I

Title: Schedule

State: Central

Year: 1983

.....non-member State where it has appointed an agent for the purpose of accepting service or notice of process or has issued or guaranteed securities.No actions shall, however, be brought by members or persons acting for or deriving claims from members. 2. The property and assets of the Bank shall, wherever located and by whomsoever held, be immune from all forms of seizure, attachment or execution before the delivery of final judgement against the Bank. ARTICLE 53 : IMMUNITY OF ASSETS AND ARCHIVES-- 1.Property and assets of the Bank, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of taking or foreclosure by executive or legislative action. 2. The archives of the Bank and, in general, all documents belonging to it, or held by it, shall be inviolable, wherever located. ARTICLE 54 : FREEDOM OF ASSETS FORM RESTRICTIONS-- To the extent necessary to carry out the purpose and functions of the Bank and subject to the provisions of this Agreement, all property and other assets of the Bank shall be exempt from restrictions, regulations, controls and moratoria of any nature. ARTICLE 55 : PRIVILEGE.....