Bare Act Search Results

Auroville (Emergency Provisions) Act, 1980 Complete Act

State: Central

Year: 1980

.....and later in the Supreme Court. Though the management vested in the Central Government in 1980, till the Supreme Court held the validity of the Act in November 1982, the Act could not be brought into operation in full. Further, the legal proceedings instituted by the Central Bureau of Investigation against the previous management for irregularities and financial improprieties are still pending in Courts in Pondicherry and Orissa. As earnest efforts are being made to place the management on a sound footing and the progress registered during the last three years needs to be further consolidated, it is proposed to amend the proviso to sub-section (1) of section 3of the Act so as to extend the period for which the management may continue to vest in the Central Government for a further period of two years. 2. The Bill seeks to achieve the aforesaid object. - S.O.R. - Gaz. of Ind., 14.8-1985, Pt. II, S. 2, Ext., p. 2 (No. 44). Act 44 of 1987.- Under the provisions of the Auroville (Emergency Provisions) Act, 1980, the management of Auroville vested in the Central Government in 1980 for a maximum period of five years. However, the vires of the Act had been challenged in the.....

Finance Act, 1980 Part I

Title: Income-tax and Surcharge on Income-tax

State: Central

Year: 1980

.....the assessment year commencing on the 1st day of April, 1980. Explanation : In this sub-rule and sub-rule (2), the expression "section 2 of this Act" means section 2 of the Finance Act, 1979 (21 of 1979), as applied for the purposes of this Act. (2) Where the assessee has, in the previous year relevant to the assessment year commencing on the 1st day of April, 1981, or, if by virtue of any provision of the Income-tax Act, income-tax is to be charged in respect of the income of a period other than that previous year, in such other period, any agricultural income and the net result of the computation of the agricultural income of the assessee for any one or more of the previous years relevant to the assessment year commencing on the 1st day of April, 1974, or the 1st day of April, 1975, or the 1st day of April, 1976, or the 1st day of April, 1977, or the 1st day of April, 1978, or the 1st day of April, 1979, or the 1st day of April, 1980, is a loss, then, for the purposes of sub-section (6) of section 2 of this Act, - (i) the loss so computed for the previous year relevant to the assessment year commencing on the 1st day of April, 1974, to the extent, if any, such loss has.....

Assam Finance Act 1980 Section 2

Title: Rates of Agricultural Income Tax

State: Central

Year: 1980

.....income tax for the year beginning on the 1st day of April, 1980, shall, for the purposes of Sections 3 and 6 of the Assam Agricultural Income tax Act, 1939 (Assam Act IX of 1939), be the rates given below: - A. In the case of every individual, Hindu undivided or joint family, firm and other association of persons (other than companies) Rates (a) On the first Rs. 1,000 of the Nil; total income (b) On the next Rs. 5,000 of the Ten paise in the rupee; total income (c) On the next Rs. 5,000 of the Fifteen paise in the rupee; total income (d) On the next Rs. 10,000 of Thirty paise in the rupee; the total income (e) On the next Rs. 25,000 of Forty-five paise in the rupee; the total income (f) On the next Rs. 50,000 of Sixty paise in the rupee; the total income (g) On the next Rs. 1,00,000 Seventy paise in the rupee; of the total income (h) On the balance of the total Seventy-five paise in the rupee income B. In the case of every company (a) The total income of which Sixty paise in the rupee; does not exceed Rs. 1,00,000 on the whole of total income (b) The total income of which Seventy paise in the rupee; exceeds Rs. 1,00,000 but does not exceed Rs......

Finance (No. 2) Act, 1980 Schedule 1

Title: First Schedule

State: Central

Year: 1980

..... (5) Notwithstanding anything contained in this rule, no loss which has not been determined by the Income-tax Officer under the provisions of these rules or the rules contained in Part IV of the First Schedule to the Finance Act, 1974 (20 of 1974), or of the First Schedule to Finance Act, 1975 (25 of 1975), or of the First Schedule to the Finance Act, 1976 (66 of 1976), or of the First Schedule to the Finance (No. 2) Act, 1977 (29 of 1977), or of the Schedule to the Finance Act, 1978 (19 of 1978), or of the First Schedule to the Finance Act, 1979 (21 of 1979), shall be set off under sub-rule (1) or, as the case may be, sub-rule (2). Rule 10 - Where the net result of the computation made in accordance with these rules is a loss, the loss so computed shall be ignored and the net agricultural income shall be deemed to be nil. Rule 11 - The provisions of the Income-tax Act relating to procedure for assessment (including the provisions of section 288A relating to rounding off of income) shall, with the necessary modifications, apply in relation to the computation of the net agricultural income of the assessee as they apply in relation to the assessment of the total income. Rule.....

Finance (No. 2) Act, 1980 Complete Act

State: Central

Year: 1980

.....80TT-,8OU-,143-,155-,171-,208-,209A-,212-,215-,273- and Sch. IV of I.T. Act, Ss. 80AA. 80AB and 801 were inserted in the I.-T Act by this Act. S. 35 dealt with some consequential amendments in the I.- T Act. All these have been incorporated in the principal Act and hence not printed here. SECTION 36: 36 - 41 Amendments incorporated inthe Wealth-tax Act. 1957 (27 of 1957) SECTION 42: AMENDMENT OF ACT 18 OF 1958 (Incorporated in the Principal Act. Hence not printed]. SECTION 43: AMENDMENT OF ACT 45 OF 1974 (1) Amendments isS. 2 of the Income-tax Act.-1974 (45 of 1974) 'have been incorporated in the Act. (2) inSection 6-, in sub-section (2). for the words, figures and letters "after the 28th day of February, 1978",the words, figures and letters, "during the period commencing on the 1st day of March, 1978 and ending with the 30th day of June, 1980" shall be submitted with effect from the 1st day of Sept., 1980. SECTION 44: SAVING IN CERTAIN CASES Where before the 18th day of June, 1980 (being the date on which the Finance (N0.2) Bill, 1980 was introduced), the Supreme Court has, on an appeal or a reference in respect of the assessment of an asscssee.....

Finance (No. 2) Act, 1980 Chapter III

Title: Direct Taxes

State: Central

Year: 1980

.....40 per cent. of the amount by which such aggregate exceeds Rs. 10,000."; (b) in sub-section (4), in clause (i), for the words "musician or actor", the words and brackets "musician, actor or sportsman (including an athlete)" shall be substituted. Section 14 - Omission Of Section 80ff Section 80FF of the Income-tax Act, shall be omitted with effect from the 1st day of April, 1981. Section 15 - Amendment Of Section 80g In section 80G of the Income-tax Act, - (a) for sub-section (4), the following shall be substituted with effect from the 1st day of April, 1981, namely :- "(4) where the aggregate of the sums referred to in sub-clauses (iv), (v), (vi) and (vii) of clause (a) and in clause (b) of sub-section (2) exceeds the smaller of the following amounts, that is to say, - (i) ten per cent. of the gross total income (as reduced by any portion thereof on which income-tax is not payable under any provision of this Act and by any amount in respect of which the assessee is entitled to a deduction under any other provision of this Chapter), and (ii) five hundred thousand rupees, then, the amount by which such aggregate exceeds such smaller amount shall be.....

Finance (No. 2) Act, 1980 Section 13

Title: Amendment of Section 80c

State: Central

Year: 1980

In section 80C of the Income-tax Act, with effect from the 1st day of April, 1981, - (a) for sub-section (1), the following sub-section shall be substituted, namely :- "(1) In computing the total income of an assessee, there shall be deducted, in accordance with and subject to the provisions of this section, an amount calculated, with reference to the aggregate of the sums specified in sub-section (2), at the following rates, namely :- (a) where such aggregate does not exceed Rs. 5,000 The whole of such aggregate; (b) where such aggregate exceeds Rs. 5,000 but does not exceed Rs. 10,000 Rs. 5,000 plus 50 per cent. of the amount by which such aggregate exceeds Rs. 5,000; (c) where such aggregate exceeds Rs. 10,000 Rs. 7,500 plus 40 per cent. of the amount by which such aggregate exceeds Rs. 10,000."; (b) in sub-section (4), in clause (i), for the words "musician or actor", the words and brackets "musician, actor or sportsman (including an athlete)" shall be substituted.

Assam Finance Act, 1980 Complete Act

State: Central

Year: 1980

.....(2) of S.3 of the Assam State Legislature (Delegation of Powers) Act, 1980, has been consulted before the enactment of this measure as a President's Act. SECTION 1: short title, extent and commencement: (1) This Act may be called the Assam Finance Act, 1980. (2) It extends to the whole of the State of Assam. (3) It shall be deemed to have come into force on the 1st day of April, 1980. SECTION 2: Rates of agricultural income tax: The rates of agricultural income tax for the year beginning on the 1st day of April, 1980, shall, for the purposes of (section 3) and (section 6) of (Assam Agricultural Income tax Act, 1939) (Assam Act IX of 1939), be the rates given below (i) no agricultural income tax shall be payable on a total agricultural income which does not exceed Rs. 10,000, (ii) in respect of paragragh A, the agricultural income tax payable shall not exceed half the amount by which the total agricul- tural income exceeds Rs. 10,000 in cases where the total agricultural income does not exceed Rs. 12,000, and (iii) in respect of paragraph B, the agricultural income-tax payable shall not exceed the difference between the total agricultural income and the following.....

Hotel Receipts Tax Act, 1980 Complete Act

State: Central

Year: 1980

.....by way of business, provided for a monetary consideration; (7) "hotel-receipts tax" or "tax" means the tax chargeable under the provisions of this Act; (8) "Income-tax Act" means the Income-tax Act, 1961; (9) "prescribed" means prescribed by rules made under this Act; (10) "room charges" means the charges for a unit of residential accommodation in a hotel and includes the charges for- (a) furniture, air-conditioner, refrigerator, radio, music, telephone, television, and (b) such other services as are normally included by a hotel in room rent, but does not include charges for food, drink and any services other than those referred to in sub-clauses (a), (b); (11) all other words and expressions used herein but not defined and defined in the Income-tax Act shall have meanings respectively assigned to them in that Act. SECTION 03: APPLICATION OF THE ACT (1) Subject to the provisions of sub-section (2) and sub- section (3), this Act shall apply in relation to every hotel wherein the room charges for residential accommodation provided to any person at any time during the previous year are seventy-five rupees or more per day per individual. Explanation- Where the room charges are.....

Company Secretaries Act 1980 Schedule I

Title: First Schedule

State: Central

Year: 1980

.....as may be prescribed, including a resident who but for his residence abroad would be entitled to be registered as a member under clause (e) of sub-section (1) of section 4 or whose qualifications are recognised by the Central Government or the Council for the purpose of permitting such partnerships; (5) secures, either through the services of a person who is not an employee of such company secretary or who is not his partner or by means which are not open to a Company Secretary, any professional business: Provided that nothing herein contained shall be construed as prohibiting any arrangement permitted in terms of items (2), (3) and (4) of this Part; (6) solicits clients or professional work, either directly or indirectly, by circular, advertisement, personal communication or interview or by any other means: Provided that nothing herein contained shall be construed as preventing or prohibiting-- (i) any company secretary from applying or requesting for or inviting or securing professional work from another company secretary in practice; or (ii) a member from responding to tenders or enquiries issued by various users of professional services or organisations from.....