Bare Act Search Results

Finance Act, 2007 Complete Act

State: Central

Year: 2007

.....in the Fifty-eighth Year of the Republic of India as follows- CHAPTER 1: PRELIMINARY: SECTION 1: Short title and commencement: (1) This Act may be called the Finance Act, 2007. (2) Save as otherwise provided in this Act, sections 2 to 93 shall be deemed to have come into force on the 1st day of April, 2007. CHAPTER 2: RATES OF INCOME-TAX: SECTION 2: Income-tax: (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2007, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income-tax calculated under Chapter VIII-A of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the Income-tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds one lakh rupees, then,-- (a) the net agricultural income shall be taken.....

Finance Act 2007 Chapter III

Title: Direct Taxes

State: Central

Year: 2007

.....the purposes of this clause, "commodity exchange" shall mean a "registered association" as defined in clause (jj) of section 2 of the Forward Contracts (Regulation) Act, 1952(74 of 1952);'; (g) in clause (23FB), with effect from the 1st day of April, 2008 -- (i) for the words "set up to raise funds for investment", the words "from investment" shall be substituted; (ii) in Explanation 1, for clause (c), the following clause shall be substituted, namely:-- '(c) "venture capital undertaking" means such domestic company whose shares are not listed in a recognised stock exchange in India and which is engaged in the-- (i) business of-- (A) nanotechnology; (B) information technology relating to hardware and software development; (C) seed research and development; (D) bio-technology; (E) research and development of new chemical entities in the pharmaceutical sector; (F) production of bio-fuels; (G) building and operating composite hotel-cum-convention centre with seating capacity of more than three thousand; or "(H) developing or operating and maintaining or developing, operating and maintaining any infrastructure facility as defined in the Explanation to.....

Finance Act 2007 Chapter IV

Title: Indirecttaxes

State: Central

Year: 2007

.....from the 1st day of June, 2007, for clause (b), the following clause shall be substituted, namely:-- '(b) "case" means any proceeding under this Act or any other Act for the levy, assessment and collection of customs duty, pending before an adjudicating authority on the date on which an application under sub-section (1) of section 127B is made: Provided that when any proceeding is referred back in any appeal or revision, as the case may be, by any court, Appellate Tribunal or any other authority, to the adjudicating authority for a fresh adjudication or decision, as the case may be, then such proceeding shall not be deemed to be a proceeding pending within the meaning of this clause;'. Section 101 - Amendment of section 127B In section 127B of the Customs Act, with effect from the 1st day of June, 2007, for sub-section (1), the following sub-sections shall be substituted, namely:-- "(1) Any importer, exporter or any other person (hereinafter referred to as the applicant in this Chapter) may, in respect of a case, relating to him make an application, before adjudication to the Settlement Commission to have the case settled, in such form and in such manner as may be.....

Finance Act 2007 Section 6

Title: Amendment of Section 10

State: Central

Year: 2007

.....with effect from the 1st day of April, 2008, namely:-- "(23BBG) any income of the Central Electricity Regulatory Commission constituted under sub-section (1) of section 76 of the Electricity Act, 2003(36 of 2003);"; (e) in clause (23C) with effect from the 1st day of June, 2007,-- (A) in sub-clause (iv), for the words "which may be notified by the Central Government in the Official Gazette", the words "which may be approved by the prescribed authority" shall be substituted; (B) in sub-clause (v), for the words "which may be notified by the Central Government in the Official Gazette", the words "which may be approved by the prescribed authority" shall be substituted; (C) for the second proviso, the following proviso shall be substituted, namely:-- "Provided further that the prescribed authority, before approving any fund or trust or institution or any university or other educational institution or any hospital or other medical institution, under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or subclause (via), may call for such documents (including audited annual accounts) or information from the fund or trust or institution or any university or other.....

Finance Act 2007 Section 9

Title: Amendment of Section 12aa

State: Central

Year: 2007

In section 12AA of the Income-tax Act, with effect from the 1st day of June, 2007,-- (a) in sub-section (1), after the word, brackets and letter "clause (a)", the words, brackets, letters and figure "or clause (aa) of sub-section (1)" shall be inserted; (b) in sub-section (2), after the word, brackets and letter "clause (a)", the words, brackets, letters and figure "or clause (aa) of sub-section (1)" shall be inserted.

Finance Act 2007 Section 22

Title: Amendment of Section 80a

State: Central

Year: 2007

In section 80A of the Income-tax Act, in sub-section (3),-- (i) after the word, figures and letters "section 80-IB", the words, figures and letters "or section 80-IC" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2004; (ii) after the words, figures and letters "or section 80-IC" as so inserted, the words, figures and letters "or section 80-ID or section 80-IE" shall be inserted with effect from the 1st day of April, 2008.".

Finance Act 2007 Section 30

Title: Amendment of Section 80-ic

State: Central

Year: 2007

In section 80-IC of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 2008 -- (i) in clause (a), in sub-caluse (i), for the figures, letters and words "1st day of April, 2012", the figures, letters and words "1st day of April, 2007" shall be substituted; (ii) in clause (b) in sub-clause (i), for the figures, letters and words "1st day of April, 2012", the figures, letters and words "1st day of April, 2007" shall be substituted.

The Edavagai Rights Acquisition (Amendment) Act, 2007 Complete Act

State: Kerala

Year: 2007

THE EDAVAGAI RIGHTS ACQUISITION (AMENDMENT) ACT, 2007 ACT 32 OF 2007 THE EDAVAGAI RIGHTS ACQUISITION (AMENDMENT) ACT, 2007 An Act to amend the Edavagai Rights Acquisition Act, 1955 . Preamble .-WHEREAS, it is expedient to amend the Edavagai Rights Acquisition Act, 1955 for the purposes hereinafter appearing; BE it enacted in the Fifty-eighth Year of the Republic of India as follows:- 1. Short title and commencement.--(1) This Act may be called the Edavagai Rights Acquisition (Amendment) Act, 2007. (2) It shall be deemed to have come into force on the 3rd day of December,2005. 2. Amendment of section 6.--In section 6 of the Edavagai Rights Acquisition Act, 1955 (XXVII of 1955) (hereinafter referred to as the principal Act), - (a) in sub-section (2),- (i) in clause (a), for the words "at the rate of four per cent per annum", the words, "at the rate of interest applicable from time to time, to fixed deposits for a period of not less than ten years in the Treasury Savings Bank" shall be substituted; (ii) in clause (b), for the words, letters and figures, "a cash annuity of Rs.900 to the present Chief for his life-time, and a cash annuity of Rs.168" the words,.....

Finance Act 2007 Section 135

Title: Amendment of Act 32 of 1994

State: Central

Year: 2007

.....shall be substituted, namely:-- 'Explanation 2.--For the purposes of this sub-clause, "print media" means,-- (i) "newspaper" as defined in sub-section (1) of section 1 of the Press and Registration of Books Act, 1867(25 of 1867); (ii) "book" as defined in sub-section (1) of section 1 of the Press and Registration of Books Act, 1867(25 of 1867), but does not include business directories, yellow pages and trade catalogues which are primarily meant for commercial purposes;'; (h) after sub-clause (zzzw), the following sub-clauses shall be inserted, namely:-- '(zzzx) to any person, by the telegraph authority in relation to telecommunication service; (zzzy) to any person, by any other person in relation to mining of mineral, oil or gas; (zzzz) to any person, by any other person in relation to renting of immovable property for use in the course or furtherance of business or commerce. Explanation 1.--For the purposes of this sub-clause, "immovable property" includes-- (i) building and part of a building, and the land appurtenant thereto; (ii) land incidental to the use of such building or part of a building; (iii) the common or shared areas and facilities relating.....

Assam Private Universities Act, 2007 Complete Act

State: Assam

Year: 2007

.....DEPARTMENT Notification The 7th August, 2007 No. AHE 154/2007/166 In exercise of powers conferred under sub-section (1) read with sub- section (2) of section 47 of the Assam Private Universities Act, 2007 (Assam Act No. XII of 2007), the Governor of Assam is hereby pleased to make the following rules for carrying out the purposes of the said Act, namely :- 1. Short title and commencement (1) These rules may be called the Assam Private Universities Rules, 2007. (2) They shall come into force on the date of their publication in the Official Gazatte. 2. Definitions In these rules unless the context otherwise requires " (a) "Act" means the Assam Private Universities Act, 2007 (Assam Act No. XII of 2007); (b) "application fee" means the amount deposited by the sponsoring body along with the proposal and project report to establish a university in private sector; (c) "committee" means a committee constituted under sub- section (3) of section 4 and sub-section (2) of section 5; (d) "land" means land meant for the establishment of the main campus of the university but shall not include land on which "off-campus centre" and "study centre" are.....