Title : Amendment of Section 139
State : Central
Year : 2006
In section 139 of the Income-tax Act,-- (I) in sub-section (1), in the first proviso, after clause (vi), for the words "during the previous year", the words, figures and letters "during any previous year ending before the 1st day of April, 2005" shall be substituted; (II) in sub-section (9), in the Explanation,-- (A) in clause (c), in sub-clause (i),-- (a) for the words "deducted at source", the words "deducted or collected at source" shall be substituted with effect from the 1st day of April, 2007; (b) for the words, figures and letters "before the 1st day of April, 2006", the words, figures and letters "before the 1st day of April, 2008" shall be substituted; (c) in the proviso, with effect from the 1st day of April, 2007,-- (i) for the words "claimed to have been..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 201
State : Central
Year : 2006
In section 201 of the Income-tax Act, in sub-section (1A), after the words "such tax is actually paid", occurring at the end, the words, brackets and figures "and such interest shall be paid before furnishing the quarterly statement for each quarter in accordance with the provisions of sub-section (3) of section 200" shall be inserted with effect from the 1st day of June, 2006. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 203aa
State : Central
Year : 2006
In section 203AA of the Income-tax Act, for the figures, letters and words "1st day of April, 2005", the figures, letters and words "1st day of April, 2008" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Repeal of Act 11 of 1926
State : Central
Year : 2006
The Promissory Notes (Stamp) Act, 1926, is hereby repealed: Provided that such repeal shall not affect-- (a) the previous operation of the said Act or anything duly done or suffered thereunder; (b) any right, privilege, obligation or liability acquired, accrued or incurred under the said Act; and (c) the validation of execution of any promissory note under the said Act. View Complete Act List Judgments citing this sectionTitle : Amendment of Act 23 of 2004
State : Central
Year : 2006
In Finance (No. 2) Act, 2004, with effect from the 1st day of June, 2006,-- (a) in section 97, in clause (5), in sub-clause (i), for the words "fifty per cent.", the words "sixty-five per cent." shall be substituted; (b) in section 98, in the Table,-- (i) against Sl. No. 1, under column (3) relating to rate, for the figures and words "0.1 per cent.", the figures and words "0.125 per cent." shall be substituted; (ii) against Sl. No. 2, under column (3) relating to rate, for the figures and words "0.1 per cent", the figures and words "0.125 per cent." shall be substituted; (iii) against Sl. No. 3, under column (3) relating to rate, for the figures and words "0.02 per cent.", the figures and words "0.025 per cent." shall be substituted; (iv) against Sl. No. 4, under column (3)..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 2
State : Central
Year : 2006
In section 2 of the Income-tax Act,-- (i) in clause (24),-- (A) in sub-clause (iia),-- (a) after the words, brackets and figures "sub-clause (iv) or sub-clause (v)", the words, brackets, figures and letter "or by any university or other educational institution referred to in sub-clause (vi) or by any hospital or other institution referred to in sub-clause (via)" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1999; (b) for the words, brackets, figures and letter "or by any university or other educational institution referred to in sub-clause (vi) or by any hospital or other institution referred to in sub-clause (via)", as so inserted by sub-item (a), the words, brackets, figures and letters "or by any university or other..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 43b
State : Central
Year : 2006
In section 43B of the Income-tax Act,-- (a) after Explanation 3B, the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1989, namely:-- "Explanation 3C.--For the removal of doubts, it is hereby declared that a deduction of any sum, being interest payable under clause (d) of this section, shall be allowed if such interest has been actually paid and any interest referred to in that clause which has been converted into a loan or borrowing shall not be deemed to have been actually paid."; (b) after Explanation 3C as so inserted, the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1997, namely:-- "Explanation 3D.--For the removal of doubts,..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 80ac
State : Central
Year : 2006
After section 80AB of the Income-tax Act, the following section shall be inserted, namely:-- "80AC. Deduction not to be allowed unless return furnished.--Where in computing the total income of an assessee of the previous year relevant to the assessment year commencing on the 1st day of April, 2006 or any subsequent assessment year, any deduction is admissible under section 80-IA or section 80-IAB or section 80-IB or section 80-IC, no such deduction shall be allowed to him unless he furnishes a return of his income for such assessment year on or before the due date specified under sub-section (1) of section 139.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80ccc
State : Central
Year : 2006
In section 80CCC of the Income-tax Act, in sub-section (1), for the words "ten thousand rupees", the words "one lakh rupees" shall be substituted with effect from the 1st day of April, 2007. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 115-o
State : Central
Year : 2006
In section 115-O of the Income-tax Act, in sub-section (6), the words, brackets, figures and letter "not falling under clause (23G) of section 10" shall be omitted with effect from the 1st day of April, 2007. View Complete Act List Judgments citing this section