Title : Amendment of Section 276
State : Central
Year : 1968
In section 276 of the Income-tax Act, in clause (d), the words, figures and letter "by the provisions of Chapter XVII-B or" shall be omitted. View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 276b
State : Central
Year : 1968
After section 276A of the Income-tax Act, the following section shall be inserted, namely :- "276B. Failure to deduct and pay tax. - If a person, without reasonable cause or excuse, fails to deduct or after deducting fails to pay the tax as required by or under the provisions of sub-section (9) of section 80E or Chapter XVII-B, he shall be punishable with rigorous imprisonment for a term which may extent to six months, and shall also be liable to fine which shall be not less than a sum calculated at the rate of fifteen per cent. per annum on the amount of such tax from the date on which such tax was deductible to the date on which such tax is actually paid.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 279
State : Central
Year : 1968
In section 279 of the Income-tax Act, in sub-section (1), after the word, figures and letter "section 276A" the words, figures and letter "or section 276B" shall be inserted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 280-o
State : Central
Year : 1968
In section 280-O of the Income-tax Act, in the proviso to sub-section (1), after the words "or any subsequent assessment year", the brackets, words, figures and letters "(not being an assessment year commencing on or after the 1st day of April, 1969)" shall be inserted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 280x
State : Central
Year : 1968
In section 280X of the Income-tax Act, in sub-section (1), after the words "or any subsequent assessment year" the brackets, words, figures and letters "(not being an assessment year commencing on or after the 1st day of April, 1969)" shall be inserted. View Complete Act List Judgments citing this sectionTitle : Amendment of Act 1 of 1949
State : Central
Year : 1968
In the Indian Tariff (Amendment) Act, 1949, in sections 4 and 5, for the figures "1968", the figures "1969" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Discontinuance of Salt Duty
State : Central
Year : 1968
For the year beginning on the 1st day of April, 1968, no duty under the Central Excises Act, or the Tariff Act shall be levied in respect of salt manufactured in, or imported into, India. View Complete Act List Judgments citing this sectionTitle : Miscellaneous
State : Central
Year : 1968
For the First Schedule to the Indian Post Office Act, 1898, the following schedule shall be substituted, namely :- View Complete Act List Judgments citing this sectionTitle : Second Schedule
State : Central
Year : 1968
The Second Schedule (See section 3) Rates of Annuity Deposit for the Assessment Year 1968-69 (i) In the case of any depositor whose total income does not exceed Rs. 15,000 Nil. (ii) In the case of any depositor whose total income exceeds 15,000 but does not exceed 6 per cent. of the adjusted total income: Provided that the annuity deposit to be made shall in no case exceed half the amount by which the total income exceeds Rs. 15,000. (iii) In the case of a depositor whose total income exceeds Rs. 20,000 but does not exceed Rs. 40,000 9 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 :- ..... View Complete Act List Judgments citing this sectionTitle : Third Schedule
State : Central
Year : 1968
The Third Schedule (See section 30) Amendments in the Income-Tax Act 1 Section 2. In clause (42A), for "twelve months", at both places, substitute "twenty-four months". 2 Section 10. (a) in clause (4A), for "non-resident account", substitute "Non-resident (External) Account"; (b) in clause (11), insert at the end "or from any other provident fund set up by the Central Government and notified by it in this behalf in the Official Gazette"; (c) in clause (15), after sub-clause (ii), insert - "(ii-a) interest on fixed deposits under any scheme framed by the Central Government and notified by it in this behalf in the Official Gazette, to the extent to which the amounts of such deposits do not exceed, in each case, the maximum amount which is permitted to be deposited..... View Complete Act List Judgments citing this section