Bare Act Search Results

Payment of Bonus Act, 1965 Schedule 1

Title: The First Schedule

State: Central

Year: 1965

.....for income-tax. See foot-note (1) (e) Any amount certified by the Reserve Bank of India in terms Of sub-section (2) of section 34A Of the Banking Regulation Act, 1949 (10 of 1949). (f) Losses of, or expenditure relating To, any business situated outside India. Total of Item No. 3 Rs. 4. Add also income, profits or gains (if any) credited directly to published or disclosed reserves, other than-- (i) capital receipts and capital profits (including profits on the sale Of capital asses on which depreciation has not been allowed for income-tax); (ii) profits of, and receipts relating To, any business situated outside India; (iii) income of foreign banking companies from investment outside India. Net total of Item No. 4 Rs. 5. Total of Item Nos. 1, 2, 3 and 4. Rs. 6. Deduct: .....

Payment of Bonus Act, 1965 Schedule 2

Title: The Second Schedule

State: Central

Year: 1965

.....the proportion of Indian Gross Profit (Item No. 7)to Total World Gross Profit (as per Consolidated Profit and Loss Account,adjusted as in Hem No. 2 aboveonly). ________________________ 1.For the heading "THE SECOND SECOND SCHEDULE", the heading "THE FIRSTSCHEDULE" substitutedby Act 23 of 1976, section26 (w.r.e.f 25-9-1976) and again the First Schedule renumbered as the SecondSchedule by Act 6 of 1980, section19 (w.r.e.f. 21-8-1980). 2.For sub-heading "[Seesection 4(b)]",the sub-heading "(See section 4)" subs by Act 23 of 1976, section261 (w.r.e.f. 25-9-1976) and again Substituted by Act 66 of 1980, section19 (w.r.e.f. 21-8-1980). 3.Substitutedby Act 66 of 1980, section19, for entry (d) (w.r.e.f. 21-8-1980). 4.Inserted by Act 23 of 1976, sec.26 (w.r.e.f. 25-9-1975). 5.Substitutedby Act 23 of 1976, section 26, for sub-item (g) (w.r.e.f. 25-9-1975). 6.Inserted by Act 23 of 1976, section 26 (w.r.e.f. 25-9-1975).

Cardamom Act, 1965 Complete Act

State: Central

Year: 1965

.....TITLE -These rules may be called the Cardamom Rules, 1966. RULE 02: DEFINITIONS -In these rules, unless the context otherwise requires,- (a) "Act" meansthe Cardamom Act, 1965 (42 of 1965)-; (b) "Committee" means any of the Committees appointed by the Board underSec. 8-; (c) "member" means a member of the Board; (d) "Secretary" means the Secretary to the Board; (e) "section" means a section of the Act; (f) "Vice-Chairman" means the Vice-Chairman of the Board; (g) "year" means the year as defined in the Act except for the purpose of preparing a budget out of the Cardamom Fund of the Board in which case year shall mean the financial year. CHAPTER 02: BOARD AND ITS COMMITTEES RULE 03: CONSTITUTION OF THE BOARD - (1) The Board shall consist of a Chairman, the members specified in CIs. (b). (c) and (d) of subsection (3) ofSec. 4-and fifteen other members representing other interests specified in sub-rule (2). (2) Of the aforesaid fifteen members,- (a) three members shall represent the principal cardamom growing Slates, one representing each of the States of Kerala, Madras and Mysore, to be appointed in consultation with the respective State Government; (b) six.....

Finance Act 1965 Section 70

Title: Amendment of Act 27 of 1957

State: Central

Year: 1965

In the Wealth-tax Act, 1957, - (i) in sub-section (1) of section 5, after clause (xix), the following clause shall be inserted, namely :- "(xx) the value of any equity shares held by the assessee in any company of the type referred to in clause (d) of section 45, where such shares form part of the initial issue of equity share capital made by the company after the 31st day of March, 1964, for a period of five successive assessment years commencing with the assessment year next following the date on which such company commences the operations for which it has been established;"; (ii) for Part I of the Schedule, the following Part shall be substituted, namely :- Part I Paragraph A (a) In the case of every individual :- Rates of Tax (i) on the first rupees one lakh of net wealth ... Nil (ii) on the next rupees four lakhs of net wealth ... 0.5% (iii) on the next rupees five lakhs of net wealth 1.0% (iv) on the next rupees ten lakhs of net wealth 2.0% (v) on the balance of net wealth 2.5% (b) In the case of every Hindu undivided family :- (i) on the first.....

Finance Act 1965 Schedule II

Title: Second Schedule

State: Central

Year: 1965

.....of the amount by which the total income exceeds Rs. 40,000. (v) In the case of a depositor whose total income exceeds Rs. 70,000 - 12 1/2 per cent. of the adjusted total income : Provided that the annuity deposit to be made shall in no case exceed the aggregate of the following sums, namely :- (a) an amount calculated at ten per cent. on so much of the adjusted total income as does not exceed Rs. 70,000; (b) one-half of the amount by which the total income exceeds Rs. 70,000. Explanation : In this Schedule, "total income" means total income computed in the manner laid down in the Income-tax Act without making any allowance under section 280-O of that Act.

Finance Act 1965 Schedule I

Title: First Schedule

State: Central

Year: 1965

.....referred to in section 108 of the Income-tax Act, or (ii) a company as is referred to in clause (iii) of sub-section (2) or sub-section (4) of section 104 of the said Act, or (iii) such a company as is exempt from the operation of section 104 of the said Act by a notification issued under the provisions of sub-section (3) of that section, which has declared or distributed to its shareholders during the previous year any dividends other than dividends on preference shares (A) in the case of a company since the date of the commencement of its activities has declared or distributed any dividends for the first time during the previous year or any one of the four previous years immediately preceding such previous year - on that part of the dividends other than dividends on preference shares which exceeds ten per cent. of the paid-up equity capital at the rate of 7.5 per cent. (B) in any other case on the whole amount of the dividends other than dividends on preference shares at the rate of 7.5 per cent.; (ii) Where the sum arrived at in accordance.....

Finance Act 1965 Section 20

Title: Insertion of New Chapter Via

State: Central

Year: 1965

.....salary in that previous year or eight thousand rupees, whichever is less. Explanation : In clause (d) of this sub section and in clause (d) of sub section (1) of section 87, "salary" shall have the meaning assigned to it in clause (h) of rule 2 of Part A of the Fourth Schedule; (e) if the assessee is an employee participating in an approved superannuation fund, any sum paid in the previous year by him by way of contribution towards the superannuation fund; (f) where the assessee is an individual, any sums deposited, in the previous year by the assessee out of his income chargeable to tax, in a ten year account or a fifteen year account under the Post Office Savings Bank (Cumulative Time Deposits) Rules, 1959, as amended from time to time. (3) The provisions of clauses (a) and (b) of sub section (2) shall apply only to so much of any premium or other payment made on a policy other than a contract for a deferred annuity as is not in excess of ten per cent. of the actual capital sum assured. Explanation : In calculating any such capital sum, no account shall be taken (i) of the value of any premiums agreed to be returned, or (ii) of the benefit by way of bonus or.....

Finance Act 1965 Section 73

Title: Amendment of Act 52 of 1963

State: Central

Year: 1965

In section 32 of the Unit Trust of India Act, 1963, - (i) in sub-section (1), for clause (b), the following clause shall be substituted, namely :- (b) where in the case of a unit holder, being an individual, the total income for any previous year as computed under the Income-tax Act, 1961 (43 of 1961), before including therein the amount of qualifying dividend - (i) does not exceed a sum of twenty thousand rupees, the qualifying dividend shall not be included in computing the total income of the unit holder for that year; (ii) exceeds a sum of twenty thousand rupees, the qualifying dividend shall be included in computing the total income of the unit holder for that year, but he shall be entitled to a deduction from the amount of income-tax payable by him of a sum calculated at the rate of twenty-five per cent. on such qualifying dividend. Explanation : In this section, "qualifying dividend" means, where the income received by a unit holder from the Trust in respect of units does not exceed one thousand rupees, such income, and where such income exceeds one thousand rupees, a sum of one thousand rupees.; (ii) in sub-section (2), - (a) in clause (a), the word "and".....

Finance Act 1965 Section 4

Title: Amendment of Section 2

State: Central

Year: 1965

.....distribution is attributable to the capitalised profits of the company representing bonus shares allotted to its equity shareholders after the 31st day of March, 1964;"; (v) in clause (30), the figures ",113" shall be omitted; (vi) for clause (43), the following clauses shall be substituted, namely : (43) "tax" in relation to the assessment year commencing on the 1st day of April, 1965, and any subsequent assessment year means income tax chargeable under the provisions of this Act, and in relation to any other assessment year income tax and super tax chargeable under the provisions of this Act prior to the aforesaid date : (43A) "tax credit certificate" means a tax credit certificate granted to any person in accordance with the provisions of Chapter XXIIB and any scheme made thereunder;; (vii) clause (46) shall be omitted.

Finance (No. 2) Act 1965 Section 9

Title: Amendment of Section 88

State: Central

Year: 1965

In section 88 of the Income-tax Act, - (a) after sub-section (5), the following sub-sections shall be, and shall be deemed to have been, inserted with effect from the 1st day of April, 1964, namely :- (5A) In this section, "charitable purpose" does not include any purpose the whole or substantially the whole of which is of a religious nature. (5B) Nothing contained in sub-section (5A) shall affect the benefit conferred by sub-section (1), in respect of any sums paid before the 1st day of April, 1964, by way of donations referred to in clause (ii) or clause (iii) of that sub-section.; (b) in sub-section (6), for the words, brackets and figure "in sub-section (5)", the words, brackets, figures and letter "in sub-section (5) or sub-section (5A)" shall be, and shall be deemed to have been, substituted with effect from the 1st day of April, 1964.