Bare Act Search Results

Finance Act 1968 Schedule II

Title: Second Schedule

State: Central

Year: 1968

..... (v) In the case of a depositor whose total income exceeds Rs. 70,000 15 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 twenty 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.

Border Security Force Act, 1968 Chapter III

Title: Offences

State: Central

Year: 1968

.....to this Act who deserts or attemps to desert the service shall, on conviction by a Security Force Court,-- (a) if he commits the offence when on active duty or when under order for active duty, be liable to suffer death or such less punishment as is in this Act mentioned; and (b) if he commits the offence under any other circumstances, be liable to suffer imprisonment for a term which may extend to seven years or such less punishment as is in this Act mentioned. (2) Any person subject to this Act who knowingly harbours any such deserter shall, on conviction by a Security Force Court, be liable to suffer imprisonment for a term which may extend to seven years or such less punishment as is in this Act mentioned. (3) Any person subject to this Act who, being cognizant of any desertion or attempt at desertion of a person subject to this Act, does not forthwith give notice to his own or some other superior officer, or take any steps in his power to cause such person to be apprehended, shall, on conviction by a Security Force Court, be liable to suffer imprisonment for a term which may extend to two years or such less punishment as is in this Act mentioned. Section 19 -.....

Finance Act 1968 Schedule I

Title: First Schedule

State: Central

Year: 1968

..... interested, or (ii) a company as is referred to in clause (iii) of sub-section (2) or clause (a) or clause (b) of sub-section (4) of section 104 of the Income-tax 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, on so much of the total income as does not exceed the relevant amount of distributions of dividends by the company 7.5 per cent. : Provided that the income-tax payable be a domestic company, being a company in which the public are substantially interested, the total income of which exceeds Rs. 50,000, shall not exceed the aggregate of (a) the income-tax which would have been payable by the company if its total income had been Rs. 50,000 (the income of Rs. 50,000 for this purpose being computed as if such income included income from various sources in the same proportion as the total income of the company); and (b) 80 per cent. of the amount by which its total income exceeds Rs. 50,000 Explanation 1 :.....

Finance Act 1968 Chapter IV

Title: Other Direct Taxes

State: Central

Year: 1968

.....the value of any asset returned by any person is less than seventy five per cent. of the value of such asset as determined in an assessment under section 16 or section 17 (the value so assessed being referred to hereafter in this Explanation as the correct value of the asset), or (ii) the value of any debt returned by any person exceeds the value of such debt as determined in an assessment under section 16 or section 17 by more than twenty-five per cent. of the value so assessed (the value so assessed being referred to hereafter in this Explanation as the correct value of the debt), or (iii) the net wealth returned by any person is less than seventy-five per cent. of the net wealth as assessed under section 16 or section 17 (the net wealth so assessed being referred to hereafter in this Explanation as the correct net wealth), then, such person shall, unless he proves that the failure to return the correct value of the asset or, as the case may be, the correct value of the debt or the correct net wealth did not arise from any fraud or any gross or wilful neglect on his part, be deemed to have concealed the particulars of assets or furnished inaccurate particulars of.....

Finance Act 1968 Section 32

Title: Amendment of Act 27 of 1957

State: Central

Year: 1968

.....the value of any asset returned by any person is less than seventy five per cent. of the value of such asset as determined in an assessment under section 16 or section 17 (the value so assessed being referred to hereafter in this Explanation as the correct value of the asset), or (ii) the value of any debt returned by any person exceeds the value of such debt as determined in an assessment under section 16 or section 17 by more than twenty-five per cent. of the value so assessed (the value so assessed being referred to hereafter in this Explanation as the correct value of the debt), or (iii) the net wealth returned by any person is less than seventy-five per cent. of the net wealth as assessed under section 16 or section 17 (the net wealth so assessed being referred to hereafter in this Explanation as the correct net wealth), then, such person shall, unless he proves that the failure to return the correct value of the asset or, as the case may be, the correct value of the debt or the correct net wealth did not arise from any fraud or any gross or wilful neglect on his part, be deemed to have concealed the particulars of assets or furnished inaccurate particulars of.....

Finance Act, 1968 Complete Act

State: Central

Year: 1968

.....[Note.- "This section amended the Companies (Profits) Sill-tax Act, 1964, which amendments were incorporated in that Act.] SECTION 34: AMENDMENT OF ACT 32 OF 1934 - [This Act is now repealed and replaced by the Customs Tariff Act, 1975-] SECTION 35: SPECIAL DUTIES OF CUSTOMS - [This section related to levy of special duties of custom under the Indian Tariff, Act which has not been repealed and replaced by the Customs Tariff Actl975(51 of l975).] SECTION 36: REGULATORY DUTIES OF CUSTOMS - [This section provided for the levy of regulatory duties of custom under the Indian Tariff Act, which now stands repealed and replaced by the Customs Tariff Act 1975 (51 of 1975).] SECTION 37: AMENDMENT OF ACT I OF 1949 - [This Act has been repealed and replaced by the Customs Tariff Act '1975 (51 of 1975).] SECTION 38: AMENDMENT OF ACT I OF 1944 - [Note.- This section amended the Central Excises and Salt Act, 1944- These amendments were then incorporated in that Act.] SECTION 39: SPECIAL DUTIES,OF EXCUSE ON CERTAIN GOODS (1) When goods of the description mentioned in this section chargeable with duty of excise under the Central Excises Act (as amended by this Act or any subsequent Central.....

Border Security Force Act, 1968 Section 17

Title: Mutiny

State: Central

Year: 1968

Any person subject to this Act who commits any of the following offences, that is to say,-- (a) begins, incites, causes or conspires with any other person to cause any mutiny in the Force or in the military, naval or air forces of India or any forces co-operating therewith; or (b) joins in any such mutiny; or (c) being present at any such mutiny, does not use his utmost endeavours to suppress the same; or (d) knowing or having reason to believe in the existence of any such mutiny, or of any intention to mutiny or of any such conspiracy, does not, without delay, give information thereof to his Commandant or other superior officer; or (e) endeavours to seduce any person in the Force or in the military, naval or air forces of India or any forces co-operating therewith from his duty or allegiance to the Union, shall, on conviction by a Security Force Court, be liable to suffer death or such less punishment as is in this Act mentioned.

Border Security Force Act, 1968 Section 116

Title: Alteration of Finding or Sentence in Certain Cases

State: Central

Year: 1968

.....in such finding: Provided that no such substitution shall be made unless such finding could have been validly made by the Security Force Court on the charge and unless it appears that the Security Force Court must have been satisfied of the facts establishing the said offence. (2) Where a sentence passed by a Security Force Court which has been confirmed, or which does not require confirmation, not being a sentence passed in pursuance of a new finding substituted under sub-section (1), is found for any reason to be invalid, the authority referred to in sub-section (1) may pass a valid sentence. (3) The punishment awarded by a sentence passed under sub-section (1) or sub-section (2) shall not be higher in the scale of punishments than, or in excess of, the punishment awarded by, the sentence for which a new sentence is substituted under this section. (4) Any finding substituted, or any sentence passed, under this section shall, for the purposes of this Act and the rules, have effect as if it were a finding or sentence, as the case may be, of a Security Force Court.

Deposit Insurance Corporation (Amendment) Act.1968 Section 7

Title: Insertion of New Sections 13a, 13b, 13c and 13d

State: Central

Year: 1968

.....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". .....

Border Security Force Act, 1968 Complete Act

State: Central

Year: 1968

.....includes all armed mutineers, armed rebels, armed rioters, pirates and any person in arms against whom it is the duty of any person subject to this Act to take action; (k) "enrolled person" means an under-officer or other person enrolled under this Act; (l) "Force" means the Border Security Force; (m) "Force custody" means the arrest or confinement of a member of the Force according to rules; (n) "Inspector-General" means the Inspector-General of the Force appointed under section 5-; (o) "member of the Force" means an officer, a subordinate officer, an under-officer or other enrolled person; (p) "notification" means a notification published in the Official Gazette; (q) "offence" means any act or omission punishable under this Act and includes a civil offence; (r) "officer" means a person appointed or in pay as an officer of the Force, but does rot include a subordinate officer or an under-officer; (s) "prescribed" means prescribed by rules made under this Act: (t) "rule" means a rule made under this Act; (u) "Security Force Court" means a Court referred to in section 64-; (v) "subordinate officer" means a person appointed or in pay as a Subedar-Major, a Subedar or a.....