State : Central
Year : 1970
FINANCE ACT, 1970 FINANCE ACT, 1970 19 of 1970 14th May, 1970 An Act to give effect to the financial proposals of the Central Government for the financial year 1970-71. Be it enacted by Parliament in the Twenty-first Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The Finance Act, 1970. (2) Save as otherwise provided in this Act, sections 2 to27 -(both inclusive) and sections 38 and 39 shall be deemed to have come into force on the 1st day of April, 1970. 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, 1970, income-tax shall be charged at the rates specified in Part I of the First Schedule and, in the..... List Judgments citing this sectionTitle : Finance Act 1970
State : Central
Year : 1970
Preamble1 - FINANCE ACT, 1970 Chapter I Section1 - Short title and commencement Chapter II Section2 - Income-Tax Chapter III Section3 - Amendment of Section 2 Section4 - Amendment of Section 10 Section5 - Amendment of Section 11 Section6 - Substitution of New Section for Section 13 Section7 - Amendment of Section 16 Section8 - Amendment of Section 35B Section9 - Amendment of Section 36 Section10 - Amendment of Section 37 Section11 - Amendment of chapter iv-e relating to capital gains Section12 - Amendment of Section 80-C Section13 - Amendment of Section 80-G Section14 - Substitution of New Section For Section 80-L Section15 - Amendment of Section 80M Section16 - Amendment of Section 80MM Section17 - Amendment of Section 116 Section18 - Amendment of Section 117 Section19..... List Judgments citing this sectionTitle : Amendment of Act 32 of 1934
State : Central
Year : 1970
The Indian Tariff Act, 1934 (hereinafter referred to as the Tariff Act), shall be amended in the manner specified in the Second Schedule. View Complete Act List Judgments citing this sectionTitle : Amendment of Act 1 Of1944
State : Central
Year : 1970
In the Central Excises and Salt Act, 1944 (hereinafter referred to as the Central Excises Act), in the First Schedule, - (i) in Item No. 1, for the entries in the third column against sub-items (1) and (2), the entries "Thirty per cent. ad valorem." and "Fifteen per cent. ad valorem." shall, respectively, be substituted; (ii) for Item No. 1A, the following Item shall be substituted, namely :- "1A. CONFECTIONERY, COCOA POWDER AND CHOCOLATES IN OR IN RELATION TO THE MANUFACTURE OF WHICH ANY PROCESS IS ORDINARILY CARRIED ON WITH THE AID OF POWER, NAMELY :- (1) Boiled sweets, toffees, caramels, kilogram nuts (including almonds) and fruit kernels coated with sweetening agent, and chewing gums. Eighty paise per ..... View Complete Act List Judgments citing this sectionTitle : Discontinuance of Salt Duty
State : Central
Year : 1970
For the year beginning on the 1st day of April, 1970, 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 : Short Title and Commencement
State : Central
Year : 1970
(1) This Act may be called the Finance Act, 1970. (2) Save as otherwise provided in this Act, Sections 2 to 27 (both inclusive) and Sections 38 and 39 shall be deemed to have come into force on the 1st day of April, 1970. View Complete Act List Judgments citing this sectionTitle : Amendment of Act 58 of 1957
State : Central
Year : 1970
In the First Schedule to the Additional Duties of Excise (Goods of Special Importance) Act, 1957, - (i) in Item No. 1, for the entry in the third column, the entry "Seven and a half per cent. ad valorem." shall be substituted; (ii) in Item No. 19, in sub-item I(1), after the word "lappet", the words "butta fabrics, round mesh mosquito netting," shall be inserted; (iii) in Item No. 22, for the entry in the third column against sub-item (1), the entry "Two and a half per cent. ad valorem." shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Act 6 of 1898
State : Central
Year : 1970
In the First Schedule to the Indian Post Office Act, 1898, - (a) for the sub-heading "Book, Pattern and Sample packets" and the entries thereunder, the following shall be substituted, namely :- "Book, Pattern and Sample packets For the first fifty grams or fraction thereof 20 paise; For every additional twenty-five grams, or fraction thereof, in excess of fifty grams 10 paise"; (b) for the sub-heading "Parcels" and the entries thereunder, the following shall be substituted, namely :- "Parcels" For a weight not exceeding four hundred grams 90 paise; For every four hundred grams, or fraction thereof, exceeding four hundred grams 90 paise"...... View Complete Act List Judgments citing this sectionTitle : Amendment of Act 1 of 1949
State : Central
Year : 1970
In the Indian Tariff (Amendment) Act, 1949, in sections 4 and 5, for the figures "1970" the figures "1971" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10
State : Central
Year : 1970
In section 10 of the Income-tax Act, - (a) after clause (20), the following clause shall be, and shall be deemed always to have been, inserted, namely :- "(20A) any income of an authority constituted in India by or under any law enacted either for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages, or for both;"; (b) after clause (22), the following clause shall be inserted, namely :- "(22A) any income of a hospital or other institution for the reception and treatment of persons suffering from illness or mental defectiveness or for the reception and treatment of persons during convalescence or of persons requiring medical attention or rehabilitation, existing..... View Complete Act List Judgments citing this section