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Start Free TrialFinance Act, 2012, (Central) Section 5
Title: Amendment of Section 10
State: Central
Year: 2012
.....from the 1st day of April, 2013, namely:- "(23BBH) any income of the Prasar Bharati (Broadcasting Corporation of India) established under sub-section (1) of section 3 of the Prasar Bharati (Broadcasting Corporation of India) Act, 1990.;] (C) in clause (23FB), in Explanation 1, for clause (c), the following clause shall be substituted with effect from the 1st day of April, 2013, namely:-- '(c) "venture capital undertaking" means a venture capital undertaking referred to in the Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996 made under the Securities and Exchange Board of India Act, 1992(15 of 1992);'; (D) after clause (47), the following clause shall be inserted with effect from the 1st day of April, 2012, namely:-- "(48) any income received in India in Indian currency by a foreign company on account of sale of crude oil to any person in India: Provided that-- (i) receipt of such income in India by the foreign company is pursuant to an agreement or an arrangement entered into by the Central Government or approved by the Central Government; (ii) having regard to the national interest, the foreign company and the agreement or.....
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Section 151
Title: Amendment of Schedule to Act 47 of 1974
State: Central
Year: 2012
In the Oil Industry (Development) Act, 1974, in the Schedule, against Sl. No.1 relating to crude oil, for the entry in column 3, the entry "Rupees four thousand five hundred per tonne" shall be substituted.
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