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Home Bare Acts Phrase: depositionAdd Emoluments Compulsory Deposit Act 1974 Chapter II
Title: Compulsory Deposit of Additional Emoluments
State: Central
Year: 1974
.....of its provisions shall take effect, either prospectively or retrospectively, on such date, not being a date earlier than the appointed day, as may be specified in this behalf in the scheme and every scheme framed under this section shall have effect notwithstanding anything contained in any law (other than this Act) for the time being in force or in any instrument having effect by virtue of any enactment other than this Act. (4) The Central Government may make a scheme to add to, amend or vary any scheme framed under sub-section M. Section 11 - Rounding off Where the amount of any credit to be made in any Deposit Account contains a part of a rupee, then, such part, if it is fifty paise or more, shall be increased to one complete rupee and if it is less than fifty paise, it shall be ignored.
View Complete Act List Judgments citing this sectionCompulsory Deposit Scheme Act 1963 Section 4
Title: Requirement as to Compulsory Deposit
State: Central
Year: 1963
.....under this Act in respect of that year and if he does so, then, he shall, on production of proof before the income-tax officer concerned of the fact of such deposit having been made, be entitled to deduction from the additional surcharge of a sum which shall be equal to-- (a) the sum so deposited, or (b) (i) where his residual income is six thousand rupees or less, three per cent of such residual income, or (ii) where his residual income exceeds six thousand rupees, three per cent of the first six thousand rupees of such residual income and two per cent of the balance thereof, whichever is less. Explanation.-In this sub-section "residual income" has the same meaning as in section 2 of the Finance Act, 1963 (13 of 1963). (4) Any person falling under clause (b) of section 2who is in receipt of any income under the head "salaries" during any financial year may make a deposit under this Act in that year and if he does so, then, notwithstanding anything in the Income-tax Act, the person responsible for paying that income shall, on production of proof of the fact of such deposit having been made, reduce the amount of additional surcharge included in the tax to be.....
View Complete Act List Judgments citing this sectionDeposit Insurance and Credit Guarantee Corporation Act, 1961 Amending Act 2
Title: Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978
State: Central
Year: 1961
.....may, in his discretion, at any stage of the proceedings, direct the personal attendance of the complainant"; (25) in the First Schedule, for the words "Deposit Insurance Corporation", wherever they occur, the words "Deposit Insurance and Credit Guarantee Corporation" shall be substituted. 1[***] ________________________ 1. Omitted by Act 81 of 1985, S. 12 (w.e.f. 1.5.1986) Prior to omission it read as under:- "CHAPTER IV Amendment To The Reserve Bank Of India Act, 1934 9. Amendment of Act 2 of 1934:-- In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted." 9. Amendment of Act 2 of 1934 In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted.
View Complete Act List Judgments citing this sectionDeposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Chapter III
Title: Amendments to the Deposit Insurance Corporation Act, 1961
State: Central
Year: 1978
.....of the officer of the Corporation filing the complaint, but the Magistrate may, in his discretion, at any stage of the proceedings, direct the personal attendance of the complainant"; (25) in the First Schedule, for the words "Deposit Insurance Corporation", wherever they occur, the words "Deposit Insurance and Credit Guarantee Corporation" shall be substituted. 1[***] ________________________ 1. Omitted by Act 81 of 1985, S. 12 (w.e.f. 1.5.1986) Prior to omission it read as under:- "CHAPTER IV Amendment To The Reserve Bank Of India Act, 1934 9. Amendment of Act 2 of 1934:-- In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted."
View Complete Act List Judgments citing this sectionDeposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 8
Title: Amendment of the Deposit Insurance Corporation Act, 1961
State: Central
Year: 1978
.....of the officer of the Corporation filing the complaint, but the Magistrate may, in his discretion, at any stage of the proceedings, direct the personal attendance of the complainant"; (25) in the First Schedule, for the words "Deposit Insurance Corporation", wherever they occur, the words "Deposit Insurance and Credit Guarantee Corporation" shall be substituted. 1[***] ________________________ 1. Omitted by Act 81 of 1985, S. 12 (w.e.f. 1.5.1986) Prior to omission it read as under:- "CHAPTER IV Amendment To The Reserve Bank Of India Act, 1934 9. Amendment of Act 2 of 1934:-- In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted."
View Complete Act List Judgments citing this sectionDeposit Insurance and Credit Guarantee Corporation Act, 1961 Amending Act 1
Title: Deposit Insurance Corporation (Amendment) Act, 1968
State: Central
Year: 1961
.....of the Reserve Bank- (i) a compromise or arrangement sanctioned by a competent authority in respect of the co-operative bank cannot be worked satisfactorily with or without modifications, or (ii) the continuance of the co-operative bank is prejudicial to the interests of its depositors. (2) With out prejudice to the provisions of any other law for the time being in force, a co-operative band shall, for the purpose of clause (e) of sub- section (1) , be deemed to be unable to pay its debts:- (i) if, on the basis of the returns, statements or information furnished to the Reserve Bank under or in pursuance of the provisions of the Banking Regulation Act, 1949, the Reserve Bank is of opinion that the co-operative bank is unable to pay its debts; or (ii) if the co-operative bank has refused to meet any lawful demand made at any of its offices or branches within two working days, if such demand is made at a place where there is an office, branch or agency of the Reserve Bank, or within five working days if such demand is made elsewhere and, in either case, the Reserve Bank certifies in writing that the co-operative bank is unable to pay its debts". 8. Amendment of section.....
View Complete Act List Judgments citing this sectionTransfer of Evacuee Deposits Act, 1954 [Repealed] Section 9
Title: Reception in India of Deposits Transferred from Pakistan
State: Central
Year: 1954
..... (3) The court to which a deposit and any record relating thereto are forwarded under sub-section (2) shall proceed to deal with the matter as if the deposit had been made in compliance with an order made by it in a proceeding before it and, after making such further inquiry into the matter as it thinks fit, award the deposit to or distribute it among the person or persons who in its opinion is or are entitled thereto. (4) An appeal shall lie from every order passed by any court under sub-section (3) to the court authorised to hear appeals from the decisions of such court if the amount or value of the subject matter of the claim made in the appeal exceeds two thousands rupees. (5) The disposal of any deposit in accordance with the provisions of this section shall discharge the Custodian from any liability to any person in respect of the deposit.
View Complete Act List Judgments citing this sectionAdd Emoluments Compulsory Deposit Act 1974 Section 9
Title: Repayment of Deposits
State: Central
Year: 1974
.....of any amount credited to the Additional Dearness Allowance Deposit Account for any period ending on the 30th day of June, 1976; (b) in the case of any amount credited to the Additional Dearness Allowance Deposit Account for any period ending, after the 30th day of June, 1976, (i) by crediting such amount to the provident fund account of such employee, if he is the subscriber of any such account, or (ii) in cash, where such employee is not a subscriber to any provident fund. Explanation. --For the purposes of this section, "provident fund" has the meaning assigned to it in section 2(e) of the Provident Funds Act, 1925.] ____________________________ 1. Substituted, omitted & inserted by Act 74 of 1976 w.e.f. 11.06.1976.
View Complete Act List Judgments citing this sectionCompulsory Deposit Scheme (Income Tax Payers) Act, 1974, Complete Act
Title: Compulsory Deposit Scheme (Income Tax Payers) Act, 1974,
State: Central
Year: 1974
.....of wealth-tax Section8 - Repayment of compulsory deposit Section9 - Intimation regarding compulsory deposit Section10 - Penalty for failure to make compulsory deposit Section11 - Authorities Section12 - Appeals and revisions Section12A - Special review in certain cases Section13 - Rectification of mistakes Section14 - Collection and recovery of compulsory deposit and penalty Section15 - Rounding off Section16 - Applicability of Chapter XV of Income-tax Act Section17 - Protection against attachment Section18 - Protection of action taken in good faith Section19 - Compulsory Deposit Scheme Section20 - Power to remove difficulties Section21 - Repeal and saving ScheduleI - SCHEDULE Amending Act1 - COMPULSORY DEPOSIT SCHEME (INCOME-TAX PAYERS) AMENDMENT ACT, 1981 Amending Act2 - COMPULSORY DEPOSIT SCHEME (INCOME-TAX PAYERS) AMENDMENT ACT, 1985
List Judgments citing this sectionCompulsory Deposit Scheme (Income Tax Payers) Act, 1974, Section 10
Title: Penalty for Failure to Make Compulsory Deposit
State: Central
Year: 1974
.....in Sub-section (1) of Section 3, any person who is liable to make a compulsory deposit [being a person falling under Clause (a) or Clause (b) of Sub-section (3) of section 4]-- (a)1[has, without reasonable cause, failed to make] the compulsory deposit within the time allowed under section 5, or (b) has made the compulsory deposit within such time but the deposit so made falls short of2[the requisite amount and there is no reasonable cause for making such short payment], the3[Income-tax Officer may], by order in writing, direct that such person shall pay, by way of penalty, a sum-- (i) which, in the case referred to in Clause (a), shall be equal to twenty-five per cent of the compulsory deposit which he is liable to make; and (ii) which, in the case referred to in Clause (b), shall be equal to twenty-five per cent of the amount by which the compulsory deposit made by him falls short of the requisite amount. (2) If, in relation to an assessment year referred to in Sub-section (1) of Section 3, the correct income of a person falling under Clause (c) of Sub-section (3) of Section 4, exceeds fifteen thousand rupees and such person,-- (a)1[has, without reasonable cause,.....
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