State : 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 : 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 : 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 : Short Title and Commencement
State : Central
Year : 2006
(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. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80-ia
State : Central
Year : 2006
In section 80-IA of the Income-tax Act, in sub-section (4), with effect from the 1st day of April, 2007,-- (a) in clause (iii), after the proviso, the following proviso shall be inserted, namely:-- 'Provided further that in the case of any undertaking which develops, develops and operates or maintains and operates an industrial park, the provisions of this clause shall have effect as if for the figures, letters and words "31st day of March, 2006", the figures, letters and words "31st day of March, 2009" had been substituted;'; (b) in clause (iv),-- (i) in sub-clause (a), for the words, figures and letters "the 31st day of March, 2006", the words, figures and letters "the 31st day of March, 2010" shall be substituted; (ii) in sub-clause (b), for the words, figures and letters..... 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 First Schedule to Act 5 of 1986
State : Central
Year : 2006
Excise tariff In the Central Excise Tariff Act, 1985, the First Schedule shall,-- (a) be amended in the manner specified in the Sixth Schedule; and (b) with effect from the 1st day of January, 2007, be also amended in the manner specified in the Seventh Schedule. View Complete Act List Judgments citing this sectionTitle : Amendment of First Schedule to Act 58 of 1957
State : Central
Year : 2006
In the Additional Duties of Excise (Goods of Special Importance) Act, 1957, with effect from the 1st day of January, 2007, the First Schedule shall be amended in the manner specified in the Eighth Schedule. View Complete Act List Judgments citing this section