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Major Port Trusts Act, 1963 Section 98

Title: Budget Estimates

State: Central

Year: 1963

.....or otherwise to each Trustee so as to reach him not less than ten clear days prior to the date appointed for the special meeting referred to in sub-section (1). (3) The Board shall consider the estimate at such meeting and may provisionally approve of it with or without modifications. (4) The Board shall, on or before the tenth day of February, cause a copy of such estimate as provisionally approved by it, to be sent to the Central Government. (5) The Central Government may sanction the estimate or may return it with remarks and may call for such additional information as it may deem necessary. (6) When an estimate is returned under sub-section (5), the Board shall proceed to reconsider the estimate with reference to such remarks and shall furnish such additional information as the Central Government may call for and shall, if necessary, modify or alter the estimate and resubmit it to the Central Government. (7) The Central Government shall sanction the estimate with or without modifications. (8) Where any such estimate is not sanctioned by the Central Government before the commencement of the financial year to which it relates, the Central Government may authorise.....

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Companies Profits Surtax Act 1964 Section 9A

Title: False Estimate Of, or Failure to Pay, Advance Surtax

State: Central

Year: 1964

.....without reasonable cause failed to furnish a statemnt of the advance surtax payable by him in accordance with the provisions of clause (a) of sub-section (5) of section 7 A, he may direct that such assessee shall, in addition to the amount of surtax, if any, payable by him, pay by way of penalty a sum-- (i) which, in the case referred to in clause (a), shall not be less than ten per cent but shall not exceed one and a half times the amount by which the surtax actually paid during the financial year immediately preceding the assessment year under the provisions of section 7A falls short of-- (1) eighty-three and one-third per cent of the assessed surtax, or (2) the amount which would have been payable by way of advance surtax if the assessee had furnished a correct and complete statement in accordance with the provisions of clause (a) of sub-section (5) of section 7A, whichever is less; (ii) which in the case referred to in clause (b), shall not be less than ten per cent but shall not exceed one and a half times of eighty-three and one-third percent of the assessed surtax. (2) If the Income-tax Officer, in the course of any proceedings in connection with the regular.....

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Karnataka Urban Water Supply and Drainage Board Act, 1973 Section 34

Title: Estimates of Income and Expenditure of the Board to Be Laid Annually and Considered by the Board

State: Karnataka

Year: 1973

(1) The Chairman shall, at a special meeting to be held in the month of February in each year, lay before the Board an estimate of the income and expenditure of the Board for the next ensuing year. (2) Every such estimates shall make provision for the due fulfillment of all the liabilities of the Board and for the efficient administration of this Act. (3) Every such estimate shall differentiate capital and revenue funds, and shall be prepared in such form and shall contain such details, as the Board may, from time to time, specify. (4) Every such estimate shall be compiled and a copy thereof sent, by post or otherwise, to each Director atleast ten clear days before the date of the meeting at which the estimate is to be laid before the Board. (5) A revised estimate, if any, including all the expenditure not covered in the original budget estimate shall be laid before the Board at a special meeting to be held in the month of December, in each year. (6) The Board shall consider every estimate so laid before it and shall sanction the same, either without modifications or with such modifications as it may think fit.

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Income Tax Act, 1961 Section 273

Title: False Estimate Of, or Failure to Pay, Advance Tax

State: Central

Year: 1961

.....to be untrue, or (b) has failed to furnish a statement of the advance tax payable by him in accordance with the provisions of clause (a) of sub-section (1) of section 209A, he may direct that such person shall, in addition to the amount of tax, if any, payable by him, pay by way of penalty a sum (i) which, in the case referred to in clause (a), shall not be less than ten per cent but shall not exceed one and a half times the amount by which the tax actually paid during the financial year immediately preceding the assessment year under the provisions of Chapter XVIIC falls short of (1) seventy-five per cent of the assessed tax as defined in sub-section (5) of section 215, or (2) the amount which would have been payable by way of advance tax if the assessee had furnished a correct and complete statement in accordance with the provisions of clause (a) of sub-section (1) of section 209A, whichever is less ; (ii) which, in the case referred to in clause (b), shall not be less than ten per cent but shall not exceed one and a half times of seventy-five per cent of the assessed tax as defined in sub-section (5) of section 215 : Provided that in the case of an assessee,.....

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Karnataka Urban Water Supply and Drainage Board Act, 1973 Section 35

Title: Approval of Government to Estimates

State: Karnataka

Year: 1973

(1) Every such estimate, as sanctioned by the Board, shall be submitted to the Government who may at any time within three months after receipt of the same,- (a) approve the estimate, or (b) disallow the estimate or any portion thereof, and return the estimate to the Board for amendment. (2) If any estimate is so returned to the Board, it shall forthwith proceed to amend it and shall resubmit the estimate as amended to the Government who may then approve it.

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Improvement Boards Act, 1976 Section 42

Title: Estimates to Be Submitted to Government for Sanction

State: Karnataka

Year: 1976

The estimate, as approved by the Board shall be submitted to the Government which may either sanction or disallow such estimate or any portion thereof and return the same for amendment. The Board shall forthwith amend the estimate so returned and shall re-submit the amended estimate to the Government. A copy of the estimate as sanctioned by the Government shall be sent to the local authorities concerned.

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Improvement Boards Act, 1976 Section 43

Title: Supplementary Estimates May Be Prepared and Submitted when Necessary

State: Karnataka

Year: 1976

The Board may, at any time during the year for which any estimate has been sanctioned, cause a supplementary estimate to be prepared and submitted to it. Every such supplementary estimate shall be considered and approved by the Board and submitted to the Government for sanction and a copy of the estimate as sanctioned shall be sent to the local authority concerned, in the same manner as if it were an original annual estimate.

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Banglore Development Authority Act, 1976 Section 44

Title: Estimates to Be Submitted Togovernment for Sanction

State: Karnataka

Year: 1976

The estimate, as approved by the Authority, shall be submitted to the Government which may, either sanction or disallow such estimate or any portion thereof and return the same for amendment. The Authority shall forthwith amend the estimate so returned and shall re-submit the amended estimate to the Government.

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Karnataka Urban Development Authorities Act, 1987 Section 45

Title: Estimates to Be Submitted to Government for Sanction

State: Karnataka

Year: 1987

The estimate, as approved by the Authority, shall be submitted to the Government which may, either sanction or disallow such estimate or any portion thereof and return the same for amendment. The Authority shall forthwith amend the estimate so returned and shall resubmit the amended estimate to the Government.

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Karnataka Municipal Corporations Act, 1976 Section 167

Title: Budget Estimates to Be Prepared by the Standing Committee for Taxation, Finance and Appeals or as the Case May Be, Standing Committee for Taxation and Finance

State: Karnataka

Year: 1976

.....which the corporation may be liable on account of loans; (b) provide for the payment as it falls due, of any amount towards contributions, fees or such other amounts as may be payable by the corporation to the Government; (c) allow for a cash balance at the end of the year of not less than one lakh of rupees under General Account Revenue. (3) The Commissioner shall cause the budget estimate as finally approved by standing committee, to be printed and shall, not later than the first day of February, forward a printed copy thereof to each councillor. _________________________ 1. Substituted by Act 35 of 1994. Notification bringing it into force not available. 2. Inserted by Act 27 of 1998 w.e.f. 21-11-1998.

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