Title : Indirect Taxes
State : Central
Year : 2004
In section 169 of the Finance Act, 2003, for the words, figures and letters "the 1st day of March, 2004", the words, figures and letters "the 1st day of April, 2005." shall be substituted. View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 2005
Section 3 - Amendment of section 2 In section 2 of the Income-tax Act, with effect from the 1st day of April, 2006,- (a) in clause (7), in sub-clause (a), for the words "assessment of his income", the words "assessment of his income or assessment of fringe benefits" shall be substituted; (b) after clause (23A), the following clause shall be inserted, namely:- '(23B) "fringe benefits" means any fringe benefits referred to in section 115WB;'; (c) in clause (42A), in the proviso, after the words, brackets, figures and letter "clause (23D) of section 10", the words "or a zero coupon bond" shall be inserted; (d) in clause (43), after the words "the aforesaid date", the words, figures and letters "and in relation to the assessment year commencing on the 1st day of April, 2006, and..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1987
In section 2 of the Income-tax Act, - (a) in clause (22), with effect from the 1st day of April, 1988, - (i) in sub-clause (e), for the words "by way of advance or loan to a shareholder, being a person who has a substantial interest in the company,", the words, figures, letters and brackets "made after the 31st day of May, 1987, by way of advance or loan to a shareholder, being a person who is the beneficial owner of shares (not being shares entitled to a fixed rate of dividend whether with or without a right to participate in profits) holding not less than ten per cent. of the voting power, or to any concern in which such shareholder is a member or a partner and in which he has a substantial interest (hereafter in this clause referred to as the said concern)" shall be substituted; ..... View Complete Act List Judgments citing this sectionTitle : Income-tax
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. Section 5 - Insertion of New Sections 35B and 35C After section 35A of the Income-tax Act, the following sections shall be inserted, namely :- 35B. Export markets development allowance. - (1)(a) Where an assessee, being a domestic company or a person (other than a company) who is resident in India, has incurred after the 29th day of February, 1968, whether directly or in association with any other person, any expenditure (not being in the nature of capital expenditure or personal expenses of the assessee) referred to in clause (b), he shall, subject to..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1990
In section 2 of the Income-tax Act, - (i) in clause (24), - '(a) existing sub-clause (va) shall be renumbered as sub-clause (vd) and before sub-clause (vd) as so renumbered, the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962, namely :- "(va) any sum chargeable to income-tax under clause (iiia) of section 28;"; (b) after sub-clause (va), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1967, namely :- "(vb) any sum chargeable to income-tax under clause (iiib) of section 28;"; (c) after sub-clause (vb), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April,..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1988
In section 2 of the Income-tax Act, after clause (28A), the following clause shall be inserted with effect from the 1st day of April, 1989, namely :- (28B) "interest on securities" means - (i) interest on any security of the Central Government or a State Government; (ii) interest on debentures or other securities for money issued by or on behalf of a local authority or a company or a corporation established by a Central, State or Provincial Act;'. Section 4 - Amendment Of Section 10 In section 10 of the Income-tax Act, - (a) in clause (6), - (i) for sub-clauses (ii) to (v), the following sub-clause shall be substituted with effect from the 1st day of April, 1989, namely :- "(ii) the remuneration received by him as an official, by whatever name called, of an embassy, high..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 2001
Section 3 - Amendment of section 2 In section 2 of the Income-tax Act,- (a) after clause (12), the following clause shall be inserted with effect from the 1st day of June, 2001, namely :- '(12A) "books or books of account" include ledgers, day-books, cash books, account-books and other books, whether kept in the written form or as print-outs of data stored in a floppy, disc, tape or any other form of electro-magnetic data storage device ;' ; (b) after clause (22A), the following clause shall be inserted with effect from the 1st day of June, 2001, namely :- '(22AA) "document" includes an electronic record as defined in clause (t) of sub-section (1) of section 2 of the Information Technology Act, 2000 (21 of 2000);'; (c) in clause (24), in sub-clause (ix), the following..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 2000
In section 2 of the Income-tax Act,- (a) in clause (1A), the Explanation shall be numbered as Explanation 1 thereof, and after Explanation 1 as so numbered, the following Explanation shall be inserted with effect from the 1st day of April, 2001, namely:- "Explanation 2.-For the removal of doubts, it is hereby declared that income derived from any building or land referred to in sub-clause (c) arising from the use of such building or land for any purpose (including letting for residential purpose or for the purpose of any business or profession) other than agriculture falling under sub- clause (a) or sub-clause (b) shall not be agricultural income;"; (b) in clause (19AA), in Explanation 4, for the words, brackets and figures "the conditions specified in sub-clauses (i) to (vii) of..... View Complete Act List Judgments citing this sectionTitle : Recognition of Medical Qualifications
State : Central
Year : 1970
(1) The medical qualifications granted by any University, Board or other medical institution in India which are included in the Second Schedule shall be recognised medical qualifications ior the purposes of this Act. (2) Any University, Board or other medical institution in India which grants a medical qualification not included in the Second Schedule may apply to the Central Government to have any such qualification recognised, and the Central Government, after consulting the Central Council, may, by notification in the Official Gazette, amend the Second Schedule so as to include such qualification therein, and any such notification may also direct that an entry shall be made in the last column of the Second Schedule against such medical qualification declaring that it shall be a..... View Complete Act List Judgments citing this sectionTitle : Direct Taxes
State : Central
Year : 1997
In section 10 of the Income-tax Act, with effect from the 1st day of April, 1998, - (a) after clause (6B), the following clause shall be inserted, namely :- '(6BB) Where in the case of the Government of a foreign State or a foreign enterprise deriving income from an Indian company engaged in the business of operation of aircraft, as a consideration of acquiring an aircraft or an aircraft engine (other than payment for providing spares, facilities or services in connection with the operation of leased aircraft) on lease under an agreement entered into after the 31st day of March, 1997, and approved by the Central Government in this behalf and the tax on such income is payable by such Indian company under the terms of that agreement to the Central Government, the tax so paid. ..... View Complete Act List Judgments citing this section