Title : Amendment of Section 14a
State : Central
Year : 2006
Section 14A of the Income-tax Act shall be numbered as sub-section (1) thereof and after sub-section (1) as so numbered, the following sub-sections shall be inserted, with effect from the 1st day of April, 2007, namely:-- "(2) The Assessing Officer shall determine the amount of expenditure incurred in relation to such income which does not form part of the total income under this Act in accordance with such method as may be prescribed, if the Assessing Officer, having regard to the accounts of the assessee, is not satisfied with the correctness of the claim of the assessee in respect of such expenditure in relation to income which does not form part of the total income under this Act. (3) The provisions of sub-section (2) shall also apply in relation to a case where an assessee..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 36
State : Central
Year : 2006
In section 36 of the Income-tax Act, in sub-section (1),-- (a) for clause (ib), the following clause shall be substituted with effect from the 1st day of April, 2007, namely:-- "(ib) the amount of any premium paid by cheque by the assessee as an employer to effect or to keep in force an insurance on the health of his employees under a scheme framed in this behalf by-- (A) the General Insurance Corporation of India formed under section 9 of the General Insurance Business (Nationalisation) Act, 1972(57 of 1972) and approved by the Central Government; or (B) any other insurer and approved by the Insurance Regulatory and Development Authority established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999(41 of 1999);"; (b) in clause..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 139b
State : Central
Year : 2006
After section 139A of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 2006, namely:-- 139B. Scheme for submission of returns through Tax Return Preparers.--(1) For the purpose of enabling any specified class or classes of persons in preparing and furnishing returns of income, the Board may, without prejudice to the provisions of section 139, frame a Scheme, by notification in the Official Gazette, providing that such persons may furnish their returns of income through a Tax Return Preparer authorised to act as such under the Scheme. (2) Every Tax Return Preparer shall assist the persons furnishing the return of income in such manner as may be specified in the Scheme framed under this section and affix his signature on such return. ..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 9
State : Central
Year : 2006
In section 9 of the Customs Tariff Act, 1975(51 of 1975) (hereinafter referred to as the Customs Tariff Act),-- (a) in sub-section (1), in the Explanation, in clause (a), for the words "within the territory of the exporting or producing country", the words "in the exporting or producing country or territory" shall be substituted; (b) after sub-section (1), the following sub-section shall be inserted, namely:-- "(7A) Unless otherwise provided, the provisions of the Customs Act, 1962(52 of 1962) and the rules and regulations made thereunder, relating to the date for determination of rate of duty, non-levy, short-levy, refunds, interest, appeals, offences and penalties shall, as far as may be, apply in relation to duties leviable under that Act.". View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 2006
In this Act, and in all Statutes made hereunder, unless the context otherwise requires,-- (a) "Academic Council" means the Academic Council of the University; (b) "academic staff' means such categories of staff as are designated as academic staff by the Ordinances; (c) "Affiliated College" means a college admitted to the privileges of the University; (d) "Board of Studies" means the Board of Studies of the University; (e) "Chancellor", "Vice-Chancellor", and "Pro-Vice-Chancellor" mean, respectively, the Chancellor, Vice-Chancellor and Pro-Vice-Chancellor of the University; (f) "College Development Council" means the College Development Council of the University; (g) "Constituent College" means a college maintained by the University: (h) "Court" means the Court of the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 4 of Act 4 of 2006
State : Central
Year : 2006
In the Commissions for Protection of Child Rights Act, 2005, in the proviso to section 4, for the words "Minister in-charge of the Ministry of Human Resource Development", the words "Minister in-charge of the Ministry or the Department of Women and Child Development" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 2006
In this Act, and in all Statutes made hereunder, unless the context otherwise requires,-- (a) "Academic Council" means the Academic Council of the University; (b) "academic staff means such categories of staff as are designated as academic staff by the Ordinances; (c) "Affiliated College" means a college admitted to the privileges of the University; (d) "Board of Studies" means the Board of Studies of the University; (e) "Chancellor", "Vice-Chancellor", and "Pro-Vice-Chancellor" mean, respectively, the Chancellor, Vice-Chancellor and Pro-Vice-Chancellor of the University; (f) "College Development Council" means the College Development Council of the University; (g) "Constituent College" means a college maintained by the University; (h) "Court" means the Court of the..... View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 2006
In this Act, and in all Statutes made hereunder, unless the context otherwise requires,-- (a) "Academic Council" means the Academic Council of the University; (b) "Academic staff" means such categories of staff as are designated as academic staff by the Ordinances; (c) "Affiliated College" means a college admitted to the privileges of the University; (d) "Approved Institution" means an Institution approved by the University for offering programmes of study leading to a certificate or diploma or both, not being an institution imparting programmes of study leading to a degree; (e) "Approved teachers" means such persons as may be approved by the University for the purpose of imparting instruction in an Approved Institution: (f) "Board of Studies" means the Board of Studies of..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80c
State : Central
Year : 2006
In section 80C of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 2007,-- (a) in clause (xi), for the words, brackets, figures and letter "notified under clause (23D)", the words, brackets, figures and letter "referred to in clause (23D)" shall be substituted; (b) in clause (xiii), for the words, brackets, figures and letter "notified under clause (23D)", the words, brackets, figures and letter "referred to in clause (23D)" shall be substituted; (c) in clause (xiv), for the words, brackets, figures and letter "notified under clause (23D)", the words, brackets, figures and letter "referred to in clause (23D)" shall be substituted; (d) after clause (xx), the following shall be inserted, namely:-- ''(xxi) as term deposit- (a) for a fixed period of..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 90a
State : Central
Year : 2006
In Chapter IX of the Income-tax Act, after section 90, the following section shall be inserted with effect from the 1st day of June, 2006, namely:-- '90A. Adoption by Central Government of agreements between specified associations for double taxation relief.--(1) Any specified association in India may enter into an agreement with any specified association in the specified territory outside India and the Central Government may, by notification in the Official Gazette, make such provisions as may be necessary for adopting and implementing such agreement-- (a) for the granting of relief in respect of-- (i) income on which have been paid both income-tax under this Act and income-tax in any specified territory outside India; or (ii) income-tax chargeable under this Act and under the..... View Complete Act List Judgments citing this section