Title : Annuity Deposit
State : Central
Year : 1968
(1) Save as otherwise provided in Chapter XXIIA of the Income-tax Act, annuity deposit for the assessment year commencing on the 1st day of April, 1968, shall be made by every person to whom the provisions of that Chapter apply, at the rate or rates specified in the Second Schedule. (2) For the purposes of this section and the Second Schedule, the expressions "adjusted total income", "annuity deposit" and "depositor" have the meanings respectively assigned to them under clauses (1), (5) and (6) of section 280B of the Income-tax Act. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 2
State : Central
Year : 1968
In section 2 of the Income-tax Act, in sub-clause (i) of clause (37A), after the word "Salaries", the words, brackets, figures and letter "or sub-section (9) of section 80E from any payment referred to therein" shall be inserted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 58
State : Central
Year : 1968
Section 58 of the Income-tax Act shall be re-numbered as sub-section (1) thereof and after sub-section (1) as so re-numbered, the following sub-section shall be inserted, namely :- (2) The provisions of section 40A shall, so far as may be, apply in computing the income chargeable under the head "Income from other sources" as they apply in computing the income chargeable under the head "Profits and gains of business or profession".. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80k
State : Central
Year : 1968
In section 80K of the Income-tax Act, for the words "being the holder of any share or shares in a company, includes any income by way of dividends paid or deemed to have been paid to him", the words "being the owner of any share or shares in a company, includes any income by way of dividends paid or deemed to have been paid" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80m
State : Central
Year : 1968
In section 80M of the Income-tax Act, in sub-section (1), the words "received by it", wherever they occur shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 192
State : Central
Year : 1968
In section 192 of the Income-tax Act, in sub-section (1), for the words "rates of tax in force", the words "rates in force" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 194a
State : Central
Year : 1968
In section 194A of the Income-tax Act, - (a) in sub-section (2), for the words "be signed in the presence of a Gazetted Officer of the Central or a State Government and bear an attestation by such Officer to the effect that the person who has signed the statement is known to him", the following shall be substituted, namely :- "be signed in the presence of - (a) a Member of Parliament or a State Legislature; or (b) a member of a District Council or a Metropolitan Council, a Municipal Corporation or Municipal Committee; or (c) a Gazetted Officer of the Central or a State Government; or (d) an officer of any banking company (including a co-operative bank) of the rank of sub-agent, agent or manager, and bear an attestation by such member or officer to the effect that the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 199
State : Central
Year : 1968
In section 199 of the Income-tax Act, - (a) after the words "in the assessment", the brackets, words, figures and letter "(including a provisional assessment under section 141A)" shall be inserted; (b) for the existing provisos, the following provisos shall be, and shall be deemed always to have been, substituted, namely :- "Provided that - (i) in a case where such person or owner or shareholder is a person whose income is included under the provisions of section 60, section 61, section 64, section 93 or section 94 in the total income of another person, the payment shall be deemed to have been made on behalf of, and the credit shall be given to, such other person; (ii) in any other case, where the dividend on any share is assessable as the income of a person other than the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 219
State : Central
Year : 1968
To section 219 of the Income-tax Act, the following proviso shall be added, namely :- "Provided that where, before the completion of the regular assessment, a provisional assessment is made under section 141A, the credit shall be given also in such provisional assessment.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 271
State : Central
Year : 1968
In section 271 of the Income-tax Act, in sub-section (1), for clause (iii), the following clause shall be substituted, namely :- "(iii) in the cases referred to in clause (c), in addition to any tax payable by him, a sum which shall not be less than, but which shall not exceed twice, the amount of the income in respect of which the particulars have been concealed or inaccurate particulars have been furnished.". View Complete Act List Judgments citing this section