Bare Act Search Results

Finance Act, 1986 Section 3

Title: Amendment of Section 10

State: Central

Year: 1986

In section 10 of the Income-tax Act, with effect from the 1st day of April, 1987, - (a) in clause (3), for the words "not being winnings from lotteries, to the extent such receipts do not exceed one thousand rupees in the aggregate", the words "to the extent such receipts do not exceed five thousand rupees in the aggregate" shall be substituted; (b) in clause (13A), the brackets and words "(not exceeding four hundred rupees per month)" shall be omitted.

Finance Act, 1986 Complete Act

State: Central

Year: 1986

FINANCE ACT, 1986 FINANCE ACT, 1986 23 of 1986 An Act to give effect to the financial proposals of the Central Government for the financial year 1986-87 BE it enacted by Parliament in the Thirty-seventh Year of the Republic of India as follows :--- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The Finance Act 1986. (2) Save as otherwise provided in this Act, sectioins 2-to47-(excepts ections 27-,34-,35-and36-) shall be deemed to have come into force on the 1st day of April, 1986. 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, 1986, income-tax shall be charged at the rates specified in Part I of the First Schedule and shall be increased in the cases to which Paragraph E of that Part applies, by a surcharge, calculated in each case in the manner provided therein :- Provided that where an assessee, being a company, has made, during the financial year commencing on the 1st day of April, 1985 any deposit with the Industrial Development Bank of India established under theIndustrial Development Bank of India Act, 1964-, under the Companies Deposits.....

Finance Act, 1986 Complete Act

Title: Finance Act, 1986

State: Central

Year: 1986

.....- Finance Act, 1986 Chapter I Section1 - Short Title And Commencement Chapter II Section2 - Income-Tax Chapter III Section3 - Amendment Of Section 10 Section4 - Amendment Of Section 16 Section5 - Amendment Of Section 23 Section6 - Amendment Of Section 24 Section7 - Amendment Of Section 32A Section8 - Insertion Of New Section 32AB Section9 - Amendment Of Section 43 Section10 - Amendment Of Section 50 Section11 - Amendment Of Section 54 Section12 - Amendment Of Section 54E Section13 - Amendment Of Section 55 Section14 - Amendment Of Section 58 Section15 - Amendment Of Section 74 Section16 - Amendment Of Section 74A Section17 - Amendment Of Section 80GG Section18 - Amendment Of Section 80HHA Section19 - Omission Of Section 80K Section20 - Amendment Of Section 80L Section21 - Substitution Of New Section For Section 80M Section22 - Omission Of Section 80S Section23 - Amendment Of Section 80T Section24 - Omission Of Section 80TT Section25 - Amendment Of Section 115A Section26 - Insertion Of New Section 115BB Section27 - Insertion Of New Section 133B Section28 - Amendment Of Section 155 Section29 - Amendment Of Section 193 Section30 - Amendment Of.....

Finance Act, 1986 Chapter III

Title: Direct Taxes Income-tax

State: Central

Year: 1986

.....shall be substituted, namely :- "(3) Where the property referred to in sub-section (2) consists of one residential house only and it cannot actually be occupied by the owner by reason of the fact that owing to his employment, business or profession carried on at any other place, he has to reside at that other place in a building not belonging to him, the annual value of such house shall be taken to be nil: Provided that the following conditions are fulfilled, namely :- (i) such house is not actually let, and (ii) no other benefit therefrom is derived by the owner.". Section 6 - Amendment Of Section 24 In section 24 of the Income-tax Act, for sub-section (2), the following sub-sections shall be substituted with effect from the 1st day of April, 1987, namely :- "(2) No deduction shall be allowed under sub-section (1) in respect of property of the nature referred to in sub-clause (i) of clause (a) of sub-section (2), or sub-section (3), of section 23 : Provided that nothing in this sub-section shall apply to the allowance of a deduction under clause (vi) of sub-section (1) of an amount not exceeding five thousand rupees in respect of the property of the nature.....

Finance Act, 1986 Section 38

Title: Omission of Twelfth Schedule

State: Central

Year: 1986

The Twelfth Schedule to the Income-tax Act shall be omitted with effect from the 1st day of April, 1987.

State of Arunachal Pradesh Act, 1986 Section 3

Title: Establishment of the State of Arunachal Pradesh

State: Central

Year: 1986

On and from the appointed day, there shall be established a new State, to be known as the State of Arunachal Pradesh comprising the territories which immediately before that day were comprised in the existing Union territory of Arunachal Pradesh.

State of Mizoram Act, 1986 Section 3

Title: Establishment of the State of Mizoram

State: Central

Year: 1986

On and from the appointed day, there shall be established a new State, to be known as the State of Mizoram, comprising the territories which immediately before that day were comprised in the existing Union territory of Mizoram.

Tamil Nadu Legislative Council (Abolition) Act, 1986 [Repealed] Section 3

Title: Abolition of the Council

State: Central

Year: 1986

(1) The Legislative Council of the State of Tamil Nadu is hereby abolished. (2) On the abolition of the Council, every member thereof shall cease to be such member.

Indecent Representation of Women (Prohibition) Act, 1986 Section 3

Title: Prohibition of Advertisements Containing Indecent Representation of Women

State: Central

Year: 1986

No person shall publish, or cause to be published, or arrange or take part in the publication or exhibition of, any advertisement which contains indecent representation of women in any form.

Finance Act, 1986 Section 30

Title: Amendment of Section 194b

State: Central

Year: 1986

In section 194B of the Income-tax Act, for the words "one thousand rupees", the words "five thousand rupees" shall be substituted with effect from the 1st day of June, 1986.