Title : Income-tax
State : Central
Year : 2006
(1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2006, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income-tax calculated under Chapter VIII-A of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the Income-tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds one lakh rupees, then,-- (a) the net agricultural..... View Complete Act List Judgments citing this sectionState : Central
Year : 2006
FINANCE ACT, 2006 FINANCE ACT, 2006 21 of 2006 An Act to give effect to the financial proposals of the Central Government for the financial year 2006-2007. BE it enacted by Parliament in the Fifty-seventh Year of the Republic of India as follows CHAPTER 1: PRELIMINARY: SECTION 1: Short title and Commencement: (1) This Act may be called the Finance Act, 2006. (2) Save as otherwise provided in this Act, sections 2 to 57 shall be deemed to have come into force on the 1st day of April, 2006. CHAPTER 2: RATES OF INCOME-TAX: SECTION 2: Income-tax: (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2006, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as..... List Judgments citing this sectionTitle : Second Schedule
State : Central
Year : 2006
THE SECOND SCHEDULE (See section 60) S. No. Notification number and date Amendment Date of effect of amendment (1) (2) (3) (4) 1. G.S.R. 423(E), dated the 20th April, 1992 (160/1992-CUSTOMS, dated the 20th April, 1992). In the said notification, in the Explanation, clause (iv) shall be omitted. 28th December 1992. 2. G.S.R. 619(E), dated the 17th September, 2004 (96/2004-CUSTOMS, dated the 17th September, 2004). In the said notification, in paragraph 2, for the figures, letters and words "30th day of September, 2005", the figures, letters and words "the 3rd October, 2005" shall be substituted. 17th September, 2004. View Complete Act List Judgments citing this sectionTitle : Finance Act, 2006
State : Central
Year : 2006
Preamble1 - FINANCE ACT, 2006 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 10B Section6 - Amendment of section 13 Section7 - Amendment of section 14A Section8 - Amendment of section 17 Section9 - Amendment of section 36 Section10 - Amendment of section 40 Section11 - Amendment of section 43 Section12 - Amendment of section 43B Section13 - Amendment of section 54EC Section14 - Amendment of section 54ED Section15 - Insertion of new section 80AC Section16 - Amendment of section 80C Section17 - Amendment of section 80CCC Section18 - Amendment of section 80-IA Section19 - Amendment of section 80P Section20 - Insertion of new..... List Judgments citing this sectionTitle : Rates of Income-tax
State : Central
Year : 2006
(1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2006, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income-tax calculated under Chapter VIII-A of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the Income-tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds one lakh rupees, then,-- (a) the net agricultural..... View Complete Act List Judgments citing this sectionTitle : Amendment of First Schedule
State : Central
Year : 2006
In the Customs Tariff Act, the First Schedule shall,-- (a) be amended in the manner specified in the Third Schedule; and (b) with effect from the 1st day of January, 2007, be also amended in the manner specified in the Fourth Schedule. View Complete Act List Judgments citing this sectionTitle : Amendment of Third Schedule
State : Central
Year : 2006
In the Central Excise Act, the Third Schedule shall,-- (a) with effect from the 1st day of January, 2007, be amended in the manner specified in Part I of the Fifth Schedule; and (b) with effect from such date as the Central Government may, by notification in the Official Gazette, appoint, be also amended in the manner specified in Part II of the said Fifth Schedule. View Complete Act List Judgments citing this sectionTitle : Amendment of Seventh Schedule to Act 14 of 2001
State : Central
Year : 2006
In the Finance Act, 2001, with effect from the 1st day of January, 2007, the Seventh Schedule shall be amended in the manner specified in the Tenth Schedule. View Complete Act List Judgments citing this sectionTitle : Withdrawal of Rs. 18662,54,76,000 from and out of the Consolidated Fund of Indiafor the Financial Year 2006-2007
State : Central
Year : 2006
From and out of the Consolidated Fund of India there may be withdrawn sums not exceeding those specified in column 3 of the Schedule amounting in the aggregate to the sum (sic) eighteen thousand six hundred sixty-two crores, fifty-four lakhs, seventy-six thousand rupees towards defraying the several charges which will come in course of payment during the financial year 2006-07, in respect of the services relating to Railways specified in column 2 of the Schedule. View Complete Act List Judgments citing this sectionTitle : Issue of Rs. 21823,92,00,000 out of the Consolidated Fund of India for the Financial Year 2006-07
State : Central
Year : 2006
From and out of the Consolidated Fund of India there may be paid and applied sums not exceeding those specified in column 3 of the Schedule amounting in the aggregate to the sum of twenty one thousand eight hundred twenty three crores and ninety two lakh rupees towards defraying the several charges which will come in course of payment during the financial year 2006-07, in respect of the services specified in column 2 of the Schedule. View Complete Act List Judgments citing this section