Bare Act Search Results

Karnataka Value Added Tax Act, 2003 Section 30

Title: Credit and Debit Notes

State: Karnataka

Year: 2003

.....or issues, credit notes or debit notes shall declare them in his return to be furnished for the tax period in which the credit note is received or debit note is issued and claim reduction in tax or pay tax due thereon] 3[(4) Any document issued by the registered dealer as required under any other law containing particulars of credit note or debit note as prescribed shall be deemed to be a credit or debit note for the purpose of this section.] _________________________ 1. Inserted by Act 4 of 2006 w.e.f. 1.4.2006. 2. Substituted by Act 4 of 2006 w.e.f. 01.04.2006. "(3) Any registered dealer who receives or issues credit notes or debit notes shall modify his return for the period in which the credit note or debit note is issued and pay any tax due on such return." 3. Inserted by Act 4 of 2006 w.e.f. 01.04.2006.

Karnataka Value Added Tax Act, 2003 Section 76

Title: Penalties Relating to Tax Invoices, Bills of Sale, Credit Notes and Debit Notes

State: Karnataka

Year: 2003

..... (a) fails to provide a tax invoice as required by sub-section (1) of section 29 or a credit or debit note as required by sub-section (1) or sub-section (2) of section 30, or (b) provides a tax invoice otherwise than in accordance with the provisions of section 29 or a credit or a debit note as provided in section 30, shall be liable to a penalty of two thousand rupees or an amount equivalent to the tax payable on the transaction, whichever is higher for such offence which is the first during a financial year and if the offence committed is not the first offence during a financial year, a penalty of five thousand rupees or an amount equivalent to the tax payable on the transaction, whichever is higher. (2) A registered dealer who fails to issue a bill of sale as required by sub-section (1) of section 29 shall be liable to a penalty of one thousand rupees for such offence which is the first during a financial year and if the offence committed is not the first offence during a financial year, a penalty of two thousand rupees. (3) The power to levy the penalty under this section shall be vested in the officer authorised under section 52.] .....

Value Added Tax Act, 2003 Section 30

Title: Credit and Debit Notes

State: Karnataka

Year: 2003

(1) Where a tax invoice has been issued for any sale of goods and within six months from the date of such sale the amount shown as tax charged in that tax invoice is found to exceed the tax payable in respect of the sale effected , the registered dealer effecting the sale shall issue forthwith to the purchaser a credit note containing particulars as prescribed. (2) Where a tax invoice has been issued for sale of any goods and the tax payable in respect of the sale exceeds the amount shown as tax charged in such tax invoice, the registered dealer making the sale, shall issue to the purchaser a debit note containing particulars as prescribed. (3) Any registered dealer who receives or issues credit notes or debit notes shall modify his return for the period in which the credit note or debit note is issued and pay any tax due on such return.

Export-import Bank of India Act, 1981 Section 18

Title: Debits to Export Development Fund

State: Central

Year: 1981

(1) To the Export Development Fund shall be debited -- (a) such amounts as may from time to time be disbursed or spent under sub-section (1) of section 17; (b) such amounts as may be required for discharging the liabilities in respect of loans received for the purposes of that Fund; (c) any loss arising on account of investment made out of that Fund; and (d) such expenditure arising out of, or in connection with, the administration and application of the Fund as may be determined by the Board. (2) No amount shall be debited to the Export Development Fund except as provided for in sub-section (1).

Industrial Reconstruction Bank of India Act, 1984 Section 28

Title: Debits to Reconstruction Assistance Fund

State: Central

Year: 1984

(1) To the Reconstruction Assistance Fund shall be debited-- (a) such amounts as may from time to time be disbursed or spent under section 27; (b) such amounts as may be required for discharging the liabilities in respect of loans received for the purposes of that Fund; (c) any loss arising on account of investment made out of that Fund; and (d) such expenditure arising out of, or in connection with, the administration and application of the Fund as may be determined by the Board. (2) No amount shall be debited to the Reconstruction Assistance Fund except as provided for in sub-section (1)

Industrial Development Bank of India Act, 1964 [Repealed] Section 17

Title: Debits to Development Assistance Fund

State: Central

Year: 1964

(1) To the Development Assistance Fund shall be debited-- (a) such amounts as may from time to time be disbursed or spent under sub-sections (1) to (3) of section 16; (b) such amount as may be required for discharging the liabilities in respect of loans received for the purposes of that fund; (c) any loss arising on account of investment made out of that fund; and (d) such expenditure arising out of, or in connection with, the administration and application of the fund as may be determined by the Board. (2) No amount shall be debited to the Development Assistance Fund except as provided for in sub-section (1).

Small Industries Developement Bank of India Act, 1989 Section 24

Title: Debits to Small Industries Development Assistance Fund

State: Central

Year: 1989

(1) To the Small Industries Development Assistance Fund shall be debited- (a) such amounts as may from time to time be disbursed or spend under section 23; (b) such amounts as may be required for discharging the liabilities in respect of loans received for the purpose of that Fund; (c) any loss arising on account of investment made out of that Fund; and (d) such expenditure arising out of, or in connection with, the administration and application of that Fund as may be determined by the Board. (2) No amount shall be debited to the Small Industries Development Assistance Fund except as provided for in sub-section (1)

Value Added Tax Act, 2003 Section 76

Title: Penalties Relating to Tax Invoices, Credit Notes and Debit Notes

State: Karnataka

Year: 2003

(1) A registered dealer who.- (a) fails to provide a tax invoice as required by sub-section (1) of Section 29 or a credit or debit note as required by sub-section (1) or sub-section (2) of Section 30, or (b) provides a tax invoice otherwise than in accordance with the provisions of Section 29 or a credit or a debit note as provided in Section 30, shall be liable to a penalty of not less than five thousand rupees or an amount equivalent to the tax payable on the transaction, whichever is higher. (2) The power to levy the above penalty shall be vested in the officer authorised under Section 52.

Income Tax Act, 1961 Complete Act

State: Central

Year: 1961

INCOME TAX ACT, 1961 INCOME TAX ACT, 1961 43 of 1961 [AS AMENDED BY FINANCE ACT, 2003] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows : CHAPTER 1 PRELIMINARY Section 1 Short title, extent and commencement (1) This Act may be called the Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on the 1st day of April, 1962. Section 2 Definitions 1 Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1) "advance tax" means the advance tax payable in accordance with the provisions of Chapter XVII-C;] 2 Renumbered as clause (1A) by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1A)] 3 For manner of computation of income which is partially agricultural and partially frombusiness, see rules 7, 7A, 7B and 8. For analysis, see Mashbra's Income-tax Rules."agricultural income" means - 4 Substituted by the Taxation Laws (Amendment) Act, 1970, w.r.e.f. 1-4-1962.[(a) any rent or revenue derived from land which is situated in India and is used for.....

Delhi Administration Act, 1966 Complete Act

State: Delhi

Year: 1966

.....of, or regulating the asking of questions on, any matter which affects the discharge of his functions in so far as he is required by or under this Act to act in his discretion, or by or under any law to exercise judicial or quasi-judicial functions and, if and in so far as any rule so made by the Administrator is inconsistent with any rule made by the Metropolitan Council, the rule made by the Administrator shall prevail. (2) Until rules are made under sub-section (1), the procedure and conduct of business of the Metropolitan Council shall be regulated by such rules as the Administrator may make in this behalf. Section25 Restriction on discussion in Metropolitan Council No discussion shall take place in the Metropolitan Council with respect to the conduct of any Judge of the Supreme Court or of a High Court in the discharge of his duties. Section26 Courts not to enquire into proceedings of Metropolitan Council (1) The validity of any proceedings in the Metropolitan Council shall not be called in question on the ground of any alleged irregularity of procedure. (2) No officer or member of the Metropolitan Council in whom powers are vested by or under this.....