Title : Preliminary
State : Central
Year : 2008
1. (1) This Act may be called the Finance Act, 2008. (2) Save as otherwise provided in this Act, sections 2 to 67 shall be deemed to have come into force on the 1st day of April, 2008. View Complete Act List Judgments citing this sectionTitle : Powers of the Central Government to Issue Guidelines
State : Central
Year : 2007
The Central Government shall take all such measures, as it deems fit or expedient, by way of issuing Guidelines for mandatory sharing of broadcasting signals with Prasar Bharati relating to sporting events of national importance: Provided that the Guidelines issued before the promulgation of the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Ordinance, 2007(Ord.4 of 2007) shall be deemed to have been issued validly under the provisions of this section. View Complete Act List Judgments citing this sectionTitle : Secondary and Higher Educationcess
State : Central
Year : 2007
(1) Without prejudice to the provisions of sub-section (12) of section 2, there shall be levied and collected, in accordance with the provisions of this Chapter as surcharge for purposes of the Union, a cess to be called the Secondary and Higher Education Cess, to fulfil the commitment of the Government to provide and finance secondary and higher education. (2) The Central Government may, after due appropriation made by Parliament by law in this behalf, utilise, such sums of money of the Secondary and Higher Education Cess levied under sub-section (12) of section 2 and this Chapter for the purposes specified in sub-section (1) as it may consider necessary. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 153
State : Central
Year : 2007
In section 15 3 of the Income-tax Act, with effect from the 1st day of June, 2007,-- (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 income was first assessable is the assessment year commencing on the 1st day of April, 2005 or any subsequent assessment year and during the course of the proceeding for the assessment of total income, a reference under sub-section (1) of section 92CA-- (i) was made before the 1st day of June, 2007 but an order under sub-section (3) of that section has not been made before such date; or (ii) is made on or after the 1st day of June, 2007, the provisions of clause (a) shall, notwithstanding anything contained in the first proviso, have..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 245d
State : Central
Year : 2007
In section 245D of the Income-tax Act; -- (i) for sub-section (1), the following sub-section shall be substituted with effect from the 1st day of June, 2007, namely:-- "(1) On receipt of an application under section 245C, the Settlement Commission shall, within seven days from the date of receipt of the application, issue a notice to the applicant requiring him to explain as to why the application made by him be allowed to be proceeded with, and on hearing the applicant, the Settlement Commission shall, within a period of fourteen days from the date of the application, by an order in writing, reject the application or allow the application to be proceeded with: Provided that where no order has been passed within the aforesaid period by the Settlement Commission, the application..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 22d
State : Central
Year : 2007
In section 22D of the Wealth-tax Act -- (i) for sub-section (1), the following sub-section shall be substituted with effect from the 1st day of June, 2007, namely:-- "(1) On receipt of an application under section 22C, the Settlement Commission shall, within seven days from the date of receipt of the application, issue a notice to the applicant requiring him to explain as to why the application made by him be allowed to be proceeded with, and on hearing the applicant, the Settlement Commission shall, within a period of fourteen days from the date of the application, by an order in writing, reject the application or allow the application to be proceeded with: Provided that where no order has been passed within the aforesaid period by the Settlement Commission, the application shall..... View Complete Act List Judgments citing this sectionTitle : Saving
State : Maharashtra
Year : 2007
Chapter IV SAVING View Complete Act List Judgments citing this sectionTitle : Amendment of Section 12a
State : Central
Year : 2007
In section 12A of the Income-tax Act, with effect from the 1st day of June, 2007,-- (a) for the marginal heading, the following marginal heading shall be substituted, namely:-- "Conditions for applicability of sections 11 and 12."; (b) the existing section 12A shall be renumbered as sub-section (1) thereof, and in sub-section (1) as so renumbered,-- (i) in clause (a), after the proviso, the following proviso shall be inserted, namely:-- "Provided further that the provisions of this clause shall not apply in relation to any application made on or after the 1st day of June, 2007;"; (ii) after clause (a), the following clause shall be inserted, namely:-- "(aa) the person in receipt of the income has made an application for registration of the trust or institution on or after..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 153b
State : Central
Year : 2007
In section 153B of the Income-tax Act, in sub-section (1), after the second proviso and before the Explanation, the following provisos shall be inserted with effect from the 1st day of June, 2007, namely:-- 'Provided also that in case where the last of the authorisations for search under section 132 or for requisition under section 132A was executed during the financial year commencing on the 1st day of April, 2005 or any subsequent financial year and during the course of the proceedings for the assessment or reassessment of total income, a reference under sub-section (1) of section 92CA-- (i) was made before the. 1st day of June, 2007 but an order under subsection (5) of section 92CA has not been made before such date; or (ii) is made on or after the 1st day of June, 2007, the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 271
State : Central
Year : 2007
In section 271 of the Income-tax Act, in sub-section (1),-- (i) in Explanation 4, in clause (b), for the words "means the tax on the total income assessed;", the words and figures "means the tax on the total income assessed as reduced by the amount of advance tax, tax deducted at source, tax collected at source and self assessment tax paid before the issue of notice under section 148;" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2003; (ii) in Explanation 5, in the opening portion, for the words and figures "search under section 132", the words, figures and letters "search initiated under section 132 before the 1st day of June, 2007" shall be substituted with effect from the 1st day of June, 2007; (iii) after Explanation..... View Complete Act List Judgments citing this section