Title : the Finance Act, 2012
State : Central
Year : 2012
THE FINANCE Act, 2012 [Act No. 23 of 2012] [28th May, 2012] PREAMBLE A Act to give effect to the financial proposals of the Central Government for the financial year 2012-2013. BE it enacted by Parliament in the Sixty-third Year of the Republic of India as follows:-- View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80c
State : Central
Year : 2012
In section 80C of the Income-tax Act, with effect from the 1st day of April, 2013,-- (i) in sub-section (3), for the words "insurance policy other than a contract for a deferred annuity", the words, figures and letters "insurance policy, other than a contract for a deferred annuity, issued on or before the 31st day of March, 2012," shall be substituted; (ii) after sub-section (3), the following shall be inserted, namely:-- '(3A) The provisions of sub-section (2) shall apply only to so much of any premium or other payment made on an insurance policy, other than a contract for a deferred annuity, issued on or after the 1st day of April, 2012 as is not in excess of ten per cent. of the actual capital sum assured. Explanation.--For the purposes of this sub-section, "actual capital..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 92ca
State : Central
Year : 2012
In section 92CA of the Income-tax Act,-- (a) in sub-sections (1), (2) and (3), for the words "international transaction", wherever they occur, the words "international transaction or specified domestic transaction" shall respectively be substituted with effect from the 1st day of April, 2013; (b) after sub-section (2A), the following sub-section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2002, namely:-- "(2B) Where in respect of an international transaction, the assessee has not furnished the report under section 92E and such transaction comes to the notice of the Transfer Pricing Officer during the course of the proceeding before him, the provisions of this Chapter shall apply as if such transaction is an international..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 201
State : Central
Year : 2012
In section 201 of the Income-tax Act,-- (A) with effect from the 1st day of July, 2012-- (i) in sub-section (1),-- (a) before the proviso, the following proviso shall be inserted, namely:-- "Provided that any person, including the principal officer of a company, who fails to deduct the whole or any part of the tax in accordance with the provisions of this Chapter on the sum paid to a resident or on the sum credited to the account of a resident shall not be deemed to be an assessee in default in respect of such tax if such resident-- (i) has furnished his return of income under section 139; (ii) has taken into account such sum for computing income in such return of income; and (iii) has paid the tax due on the income declared by him in such return of income, and the person..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 253
State : Central
Year : 2012
In section 253 of the Income-tax Act(52 of 1962),-- (A) in sub-section (1),-- (i) in clause (d), for the word and figures "section 147", the words, figures and letters "section 147 or section 153A or section 153C" shall be substituted with effect from the 1st day of October, 2009; (ii) after clause (d), the following clause shall be inserted with effect from the 1st day of April, 2013, namely:-- "(e) an order passed by an Assessing Officer under sub-section (3) of section 143 or section 147 or section 153A or section 153C with the approval of the Commissioner as referred to in sub-section (12) of section 144BA or an order passed under section 154 or section 155 in respect of such order;"; (B) with effect from the 1st day of July, 2012,-- (i) after sub-section (2), the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 272a
State : Central
Year : 2012
In section 272A of the Income-tax Act, in sub-section (2), after the proviso, the following proviso shall be inserted with effect from the 1st day of July, 2012, namely:-- "Provided further that no penalty shall be levied under this section for the failure referred to in clause (k), if such failure relates to a statement referred to in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C which is to be delivered or caused to be delivered for tax deducted at source or tax collected at source, as the case may be, on or after the 1st day of July, 2012.". View Complete Act List Judgments citing this sectionTitle : Amendment of Fourth Schedule
State : Central
Year : 2012
In the Fourth Schedule to the Income-tax Act, in Part A, in rule 3, in sub-rule (1) in the first proviso, for the words, figures and letters "the 31st day of March, 2012", the words, figures and letters "the 31st day of March, 2013" shall be substituted with effect from the 1st day of April, 2012. View Complete Act List Judgments citing this sectionTitle : Wealth
State : Central
Year : 2012
Section 109 to 113 Wealth View Complete Act List Judgments citing this sectionTitle : Customs
State : Central
Year : 2012
Section 114 to 125 Customs View Complete Act List Judgments citing this sectionTitle : Customs Tariff
State : Central
Year : 2012
Section 126 to 128 Customs Tariff View Complete Act List Judgments citing this section