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Start Free TrialFinance Act, 1986 Chapter III
Title: Direct Taxes Income-tax
State: Central
Year: 1986
.....shall be substituted, namely :- "(3) Where the property referred to in sub-section (2) consists of one residential house only and it cannot actually be occupied by the owner by reason of the fact that owing to his employment, business or profession carried on at any other place, he has to reside at that other place in a building not belonging to him, the annual value of such house shall be taken to be nil: Provided that the following conditions are fulfilled, namely :- (i) such house is not actually let, and (ii) no other benefit therefrom is derived by the owner.". Section 6 - Amendment Of Section 24 In section 24 of the Income-tax Act, for sub-section (2), the following sub-sections shall be substituted with effect from the 1st day of April, 1987, namely :- "(2) No deduction shall be allowed under sub-section (1) in respect of property of the nature referred to in sub-clause (i) of clause (a) of sub-section (2), or sub-section (3), of section 23 : Provided that nothing in this sub-section shall apply to the allowance of a deduction under clause (vi) of sub-section (1) of an amount not exceeding five thousand rupees in respect of the property of the nature.....
View Complete Act List Judgments citing this sectionFinance Act, 1986 Complete Act
State: Central
Year: 1986
FINANCE ACT, 1986 FINANCE ACT, 1986 23 of 1986 An Act to give effect to the financial proposals of the Central Government for the financial year 1986-87 BE it enacted by Parliament in the Thirty-seventh Year of the Republic of India as follows :--- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The Finance Act 1986. (2) Save as otherwise provided in this Act, sectioins 2-to47-(excepts ections 27-,34-,35-and36-) shall be deemed to have come into force on the 1st day of April, 1986. SECTION 02: INCOME-TAX (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1986, income-tax shall be charged at the rates specified in Part I of the First Schedule and shall be increased in the cases to which Paragraph E of that Part applies, by a surcharge, calculated in each case in the manner provided therein :- Provided that where an assessee, being a company, has made, during the financial year commencing on the 1st day of April, 1985 any deposit with the Industrial Development Bank of India established under theIndustrial Development Bank of India Act, 1964-, under the Companies Deposits.....
List Judgments citing this sectionThe Haryana Rural Development Act, 1986 Complete Act
State: Haryana
Year: 1986
.....area" means area other than the area of a municipality administered under the Haryana Municipal Act, 1973; (f) "Prescribed" means prescribed by rules made under this Act; (g) "Processing" means giving a treatment or a series of treatment to an agricultural produce it order to make it fit for use or consumption and includes manufacturing out of agricultural produce; and (h) Words and expressions not deterred in this Act shall have the meaning assigned to them in the Punjab Agricultural Produce Markets Act, 1961. Establishment of Board, its constitution, powers and duties. 3. (1) The State Government shall, for exercising powers conferred on and performing the functions and duties assigned to the Board by or under this Act, establish and constitute the Haryana Rural Development Fund Administration Board. (2) The Board constituted and established by the State Government in terms of sub-section (1) shall consist of a Chairman and such other official and non-official members as the Government may determine and appoint. (3) The Board so constituted shall be a body corporate having perpetual succession and a common seal with power. Subject to the provisions of this Act, to acquire.....
List Judgments citing this sectionThe Delhi Apartment Ownership Act, 1986 Complete Act
State: Delhi
Year: 1986
.....document which ascertains the rights and liabilities of the parties to the deed. Failure to comply with the terms of the agreement shall attract legal action by the aggrieved party. 8. Right of re-entry (1) Where any land is given on lease by a person (hereafter in this section referred to as the lessor) to another person (hereafter in this section referred to as the lessee, which term shall include a person in whose favour a sub-lease of such land has been granted), and any multistoreyed building has been constructed on such lease-hold land by the lessee or by any other person authorized by him or claiming through him, such lessee shall grant in respect of the land as many sub-leases s there are apartments in such multi-storeyed building and shall execute separate deeds of sub-lease in respect of such land in favour of each apartment owner.- (a) in the case of multi-storeyed building constructed before the commencement of this Act, within three months from such commencement; or (b) in the case of a multi-storeyed building constructed after the commencement of this Act, within three months from the date on which the possession of any apartment in such.....
List Judgments citing this sectionThe Child Labor (Prohibition and Regulation) Act, 1986 Complete Act
State: Delhi
Year: 1986
.....the precincts thereof) wherein any industrial process is carried on, but does not include any premises to which the provisions of section 67 of the Factories Act, 1948(63 of 1948), for the time being, apply. PART II PROHIBITION OF EMPLOYMENT OF CHILDREN IN CERTAIN OCCUPATIONS AND PROCESSES 3. Prohibition of employment of children in certain occupations and processes.- No child shall be employed or permitted to work in any of the occupations set forth in Part A of the Schedule or in any workshop wherein any of the processes set forth in Part B of the Schedule is carried on: Provided that nothing in this section shall apply to any workshop wherein any process is carried on by the occupier with the aid of his family or to any school established by, or receiving assistance or recognition from, Government. 4. Power to amend the Schedule.- The Central Government, after giving by notification in the Official Gazette, not less than three months notice of its intention so to do, may, by like notification, add any occupation or process to the Schedule and thereupon the Schedule shall be deemed to have been amended accordingly. 5. Child Labour Technical Advisory Committee.- (1).....
List Judgments citing this sectionDelhi Fire Prevention and Fire Safety Act, 1986 Complete Act
State: Delhi
Year: 1986
.....Extra., Part IV, dated 31st March, 1987 pp. 4-7. In exercise of the powers conferred by Section 16 of the Delhi Fire Prevention and Fire Safety Act, 1986 (Act No. 56 of 1986), the Administrator of the Union Territory of Delhi is pleased to make the following rules, namely: Rule1 Short Title, Extent and Commencement (1) These rules may be called the Delhi Fire Prevention and Fire Safety Rules, 1987. (2) They extend to the whole' of the Union Territory of Delhi. (3) They shall come into force at once. Rule2 Definitions In these rules, unless the context otherwise requires; (1) 'Act' means the Delhi Fire Prevention and Fire Safety Act, 1986. (2) 'Forms' means 'forms' appended to these rules. (3) The words and expressions used in the Act and not defined in these rules shall have the same meaning as assigned to them in the Act. Rule3 Nominated Authority Appointment of any persons as 'nominated authority' shall be made in consultation with Chief Fire Officer who will also prescribe the jurisdiction within which such person shall function . Rule4 Height of Building The minimum height of the building for purposes of sub-section (1) of Section 3 of the Act shall be.....
List Judgments citing this sectionSpices Board Act, 1986 Complete Act
State: Central
Year: 1986
.....Board shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to contract and shall, by the said name, sue and be sued. (3) The Board shall consist of such number of members, not exceeding thirty-two, as may be prescribed, and unless the rules made in this behalf otherwise provide, the Board shall consist of the following members, namely,- (a) a Chairman; (b) three Members of Parliament, of whom two shall be elected by the House of the People and one by the Council of States; (c) three members to represent respectively the Ministries of the Central Government dealing with- (i) Commerce; (ii) Agriculture; and (iii) Finance; (d) six members to represent the growers of spices; (e) eleven members to represent the exporters of spices; (f) three members to represent major spice producing States; (g) five members, one each to represent- (i) the Directorate of Cocoa, A recanut and Spices Development, Calicut; (ii) the Indian Institute of Packaging, Bombay; (iii) the Central Food Technological and Research Institute, Mysore; (iv) the Regional Research Laboratory, Trivandrum; and (v) the Central.....
List Judgments citing this sectionNational Security Guard Act, 1986 Complete Act
State: Central
Year: 1986
.....the duties of his appointment, except with the previous permission in writing of the prescribed authority. SECTION 08: TENURE OF SERVICE UNDER THE ACT Every person subject to this Act shall hold office during the pleasure of the President. SECTION 09: TERMINATION OF SERVICE BY CENTRAL GOVERNMENT Subject to the provisions of this Act and the rules, the Central Government may dismiss or remove from service any person subject to this Act. SECTION 10: DISMISSAL, REMOVAL OR REDUCTION BY THE DIRECTOR-GENERAL AND BY OTHER OFFICERS (1) The Director-General, any Additional Director-General or any Inspector-General may dismiss or remove from service or reduce to a lower grade or rank or the ranks, any person subject to this Act other than an officer. (2) An officer not below the rank of a Deputy Inspector-General or any prescribed officer may dismiss or remove from the service any person under his command other than an officer or an Assistant Commander. (3) Any such officer as is mentioned in sub-section (2) may reduce to it lower grade or rank or the ranks any person under his command except an officer or an Assistant Commander. (4) The exercise of any power under this Section shall be.....
List Judgments citing this sectionJuvenile Justice Act, 1986 Complete Act
State: Central
Year: 1986
JUVENILE JUSTICE ACT, 1986 JUVENILE JUSTICE ACT, 1986 53 of 1986 An Act to provide for the care, protection, treatment, development and rehabilitation of neglected or delinquent juveniles and for the adjudication of certain matters relating to, and disposition of, delinquent juveniles. Be it enacted by Parliament in the Thirty-seventh Year of the Republic of India as follows:- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called The Juvenile Justice Act, 1986. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) It shall come into force on such date1as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act and for different States. SECTION 02: DEFINITIONS In this Act, unless the context otherwise requires,- (a) "begging" means- (i) soliciting or receiving alms in a public place or entering into any private premises for the purpose of soliciting or receiving alms, whether under the pretence of singing, dancing, fortunetelling, performing tricks or selling articles or otherwise; (ii) exposing or exhibiting, with the object.....
List Judgments citing this sectionDock Workers (Safety, Health and Welfare) Act, 1986 Complete Act
State: Central
Year: 1986
.....regulations shall be regarded as confidential and shall not be disclosed to any person or authority unless such disclosure is for the puropse of any action or proceeding under this Act or the regulations or under any other law or unless the Chief Inspector or the Inspector considers such disclosure necessary to ensure the health, safety or welfare of any dock worker. (2) The Chief Inspector or the Inspector shall not disclose the source of any complaint bringing to his notice a defect or breach of any legal provisions and if any visit or inspection is to be made in connection with such a complaint, he shall give no intimation to the employer that the visit is made in consequence of receipt of such a complaint: Provided that the restrictions imposed under this sub-section shall not apply to any case where the complainant himself has expressed his willingness to have the source of complaint disclosed. (3) If the Chief Inspector or an Inspector or any other person referred to in sub-section ( 1 ) discloses, contrary to the provisions of this section, any information as aforesaid, he shall be punishable with imprisonment for a term which may extend to one year, or with fine, or with.....
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