Title : Short Title and Commencement
State : Central
Year : 2007
(1) This Act may be called the Finance Act, 2007. (2) Save as otherwise provided in this Act, sections 2 to 93 shall be deemed to have come into force on the 1st day of April, 2007. View Complete Act List Judgments citing this sectionState : Central
Year : 2007
FINANCE ACT, 2007 FINANCE ACT, 2007 22 of 2007 PREAMBLE An Act to give effect to the financial proposals of the Central Government for the financial year 2007-2008. BE it enacted by Parliament in the Fifty-eighth 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, 2007. (2) Save as otherwise provided in this Act, sections 2 to 93 shall be deemed to have come into force on the 1st day of April, 2007. 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, 2007, income-tax shall be charged at the rates specified in Part I of the First Schedule and..... List Judgments citing this sectionTitle : Finance Act, 2007
State : Central
Year : 2007
View Complete Act List Judgments citing this sectionTitle : Finance Act 2007
State : Central
Year : 2007
Preamble1 - FINANCE ACT, 2007 Chapter I Section1 - Short title and commencement Chapter II Section2 - Income-tax Chapter III Section3 - Amendment of section 2 Section4 - Amendment of section 7 Section5 - Amendment of section 9 Section6 - Amendment of section 10 Section7 - Amendment of section 10AA Section8 - Amendment of section 12A Section9 - Amendment of section 12AA Section10 - Amendment of section 13 Section11 - Amendment of section 17 Section12 - Amendment of section 35 Section13 - Amendment of section 36 Section14 - Amendment of section 40A Section15 - Insertion of new section 44DB Section16 - Amendment of section 47 Section17 - Amendment of section 49 Section18 - Amendment of section 54EC Section19 - Amendment of section 56 Section20 - Amendment of section 72A ..... List Judgments citing this sectionTitle : Preliminary
State : Central
Year : 2007
(1) This Act may be called the Finance Act, 2007. (2) Save as otherwise provided in this Act, sections 2 to 93 shall be deemed to have come into force on the 1st day of April, 2007. View Complete Act List Judgments citing this sectionTitle : First Schedule
State : Central
Year : 2007
THE FIRST SCHEDULE (See section 2) PART I INCOME-TAX Paragraph A (I) In the case of every individual other than the individual referred to in items (II) and (III) of this Paragraph or Hindu undivided family or association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act, not being a case to which any other Paragraph of this Part applies,-- Rates of income-tax (1) where the total income does not exceed Rs. 1,00,000 Nil; (2) where the total income exceeds Rs. 1,00,000 but does not exceed Rs. 1,50,000 10 per cent, of the amount by which the total income exceeds Rs. 1,00,000; (3) where the total..... View Complete Act List Judgments citing this sectionTitle : Amendment of Second Schedule
State : Central
Year : 2007
In the Second Schedule to the Income-tax Act, with effect from the 1st day of April, 2008 -- (a) in rule 60, in sub-rule (i), in clause (a), for the words "fifteen per cent. per annum", the words "one and one-fourth per cent. for every month or part of a month" shall be substituted; (b) in rule 68A, in sub-rule (3), for the words "six per cent. per annum", the words "one-half per cent. for every month or part of a month" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Omission of Chapter Xa
State : Central
Year : 2007
Chapter XA of the Customs Act shall be omitted. 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 80-ic
State : Central
Year : 2007
In section 80-IC of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 2008 -- (i) in clause (a), in sub-caluse (i), for the figures, letters and words "1st day of April, 2012", the figures, letters and words "1st day of April, 2007" shall be substituted; (ii) in clause (b) in sub-clause (i), for the figures, letters and words "1st day of April, 2012", the figures, letters and words "1st day of April, 2007" shall be substituted. View Complete Act List Judgments citing this section