Title : Income-tax
State : Central
Year : 1999
View Complete Act List Judgments citing this sectionTitle : Amendment of Section 54ec
State : Central
Year : 2006
In section 54EC of the Income-tax Act, after sub-section (3), in the Explanation, for clause (b), the following clause shall be substituted, namely:-- '(b) "long-term specified asset" means any bond, redeemable after three years and issued on or after the 1st day of April, 2006,-- (i) by the National Highways Authority of India constituted under section 3 of the National Highways Authority of India Act, 1988(68 of 1988), and notified by the Central Government in the Official Gazette for the purposes of this section; or (ii) by the Rural Electrification Corporation Limited, a company formed and registered under the Companies Act, 1956(1 of 1956), and notified by the Central Government in the Official Gazette for the purposes of this section.'. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80p
State : Central
Year : 2006
In section 80P of the Income-tax Act, after sub-section (3), the following shall be inserted with effect from the 1st day of April, 2007, namely:-- '(4) The provisions of this section shall not apply in relation to any co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank. Explanation.--For the purposes of this sub-section,-- (a) "co-operative bank" and "primary agricultural credit society" shall have the meanings respectively assigned to them in Part V of the Banking Regulation Act, 1949(10 of 1949); (b) "primary co-operative agricultural and rural development bank" means a society having its area of operation confined to a taluk and the principal object of which is to provide for long-term credit..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 115jb
State : Central
Year : 2006
In section 115JB of the Income-tax Act, with effect from the 1st day of April, 2007,-- (i) in sub-section (1),-- (a) for the words, figures and letters "the 1st day of April, 2001", the words, figures and letters "the 1st day of April, 2007" shall be substituted; (b) for the words "seven and one-half per cent.", at both the places where they occur, the words "ten per cent." shall be substituted; (ii) in the Explanation occurring after sub-section (2),-- (a) in clause (f), for the words, figures, brackets and letters "section 10 (other than the provisions contained in clause (23G) thereof) or section 10A or section 10B or section 11 or section 12 apply,", the words, figures, brackets and letters "section 10 [other than the provisions contained in clause (38) thereof] or section..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 115wc
State : Central
Year : 2006
In section 115WC of the Income-tax Act, with effect from the 1st day of April, 2007,-- (a) in sub-section (1),-- (i) for clause (b), the following clause shall be substituted, namely:-- "(b) the amount of contribution, referred to in clause (c) of sub-section (1) of section 115WB, which exceeds one lakh rupees in respect of each employee;"; (ii) after clause (d), the following clause shall be inserted, namely:-- "(e) five per cent. of the expenses referred to in clause (Q) of sub-section (2) of section 115WB."; (b) in sub-section (2),-- (i) after clause (a), the following clauses shall be inserted, namely:-- '(aa) in the case of an employer engaged in the business of carriage of passengers or goods by aircraft, the value of fringe benefits for the purposes referred to in..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 148
State : Central
Year : 2006
In section 148 of the Income-tax Act, in sub-section (1),-- (i) the following provisos shall be inserted and shall be deemed to have been inserted with effect from the 1st day of October, 1991, namely:-- "Provided that in a case-- (a) where a return has been furnished during the period commencing on the 1st day of October, 1991 and ending on the 30th day of September, 2005 in response to a notice served under this section, and (b) subsequently a notice has been served under sub-section (2) of section 143 after the expiry of twelve months specified in the proviso to sub-section (2) of section 143, as it stood immediately before the amendment of said sub-section by the Finance Act, 2002(20 of 2002) but before the expiry of the time limit for making the assessment, re-assessment or..... View Complete Act List Judgments citing this sectionTitle : Amendment of Fourth Schedule
State : Central
Year : 2006
In the Fourth Schedule to the Income-tax Act, in Part A, with effect from the 1st day of April, 2007,-- (a) in rule 3, after sub-rule (1), the following proviso shall be inserted, namely:-- "Provided that in a case where recognition has been accorded to any provident fund on or before the 31st day of March, 2006 and such provident fund does not satisfy the conditions set out in clause (ea) of rule 4, the recognition to such fund shall be withdrawn, if such fund does not satisfy, on or before the 31st day of March, 2007, the conditions set out in the said clause and any other condition which the Board may, by rules specify, in this behalf."; (b) in rule 4, after clause (e), the following clause shall be inserted, namely:-- "(ea) the fund of an establishment to which the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Act 27 of 1957
State : Central
Year : 2006
In section 17A of the Wealth-tax Act, with effect from the 1st day of June, 2006,-- (a) in sub-section (1), after the proviso, the following proviso shall be inserted, namely:-- 'Provided further that in case the assessment year in which the net wealth was first assessable is the assessment year commencing on the 1st day of April, 2004 or any subsequent year, the provisions of this sub-section shall have effect as if for the words "two years", the words "twenty-one months" had been substituted.'; (b) in sub-section (2), after the proviso, the following proviso shall be inserted, namely:-- 'Provided further that where the notice under sub-section (1) of section 17 was served on or after the 1st day of April, 2005, the provisions of this sub-section shall have effect as if for the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 23
State : Central
Year : 2006
In section 23 of the Customs Act, 1962(52 of 1962) (hereinafter referred to as the Customs Act), in sub-section (2), the following proviso shall be inserted, namely:-- "Provided that the owner of any such imported goods shall not be allowed to relinquish his title to such goods regarding which an offence appears to have been committed under this Act or any other law for the time being in force.". View Complete Act List Judgments citing this sectionTitle : Amendment of Act 32 of 1994
State : Central
Year : 2006
Service tax In the Finance Act, 1994,-- (A) in section 65, with effect from such date as the Central Government may, by notification in the Official Gazette, appoint,-- (1) in clause (3), for the words "commercial concern", the word "person" shall be substituted; (2) for clause (3b), the following clause shall be substituted, namely:-- '(3b) "aircraft operator" means any person who provides the service of transport of goods or passengers by aircraft;'; (3) after clause (7), the following clause shall be inserted, namely:-- '(7a) "auction of property" includes calling the auction or providing a facility, advertising or illustrating services, pre-auction price estimates, short-term storage services, repair or restoration services in relation to auction of property;'; (4)..... View Complete Act List Judgments citing this section