Bare Act Search Results

Income Tax Act, 1961 Chapter XVII

Title: Collection and Recovery of Tax

State: Central

Year: 1961

.....the public are substantially interested, being debentures listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956), and any rules made thereunder, if (a) the interest is paid by the company by an account payee cheque; and (b) the amount of such interest or, as the case may be, the aggregate of the amounts of such interest paid or likely to be paid during the financial year by the company to such individual does not exceed two thousand and five hundred rupees; 3[(vi) any interest payable to the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956 (31 of 1956), in respect of any securities owned by it or in which it has full beneficial interest; or] 3[(vii) any interest payable to the General Insurance Corporation of India (hereafter in this clause referred to as the Corporation) or to any of the four companies (hereafter in this clause referred to as such company), formed by virtue of the schemes framed under sub-section (1) of section 16 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972), in respect of any securities owned by the.....

Income Tax Act, 1961 Complete Act

State: Central

Year: 1961

INCOME TAX ACT, 1961 INCOME TAX ACT, 1961 43 of 1961 [AS AMENDED BY FINANCE ACT, 2003] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows : CHAPTER 1 PRELIMINARY Section 1 Short title, extent and commencement (1) This Act may be called the Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on the 1st day of April, 1962. Section 2 Definitions 1 Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1) "advance tax" means the advance tax payable in accordance with the provisions of Chapter XVII-C;] 2 Renumbered as clause (1A) by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1A)] 3 For manner of computation of income which is partially agricultural and partially frombusiness, see rules 7, 7A, 7B and 8. For analysis, see Mashbra's Income-tax Rules."agricultural income" means - 4 Substituted by the Taxation Laws (Amendment) Act, 1970, w.r.e.f. 1-4-1962.[(a) any rent or revenue derived from land which is situated in India and is used for.....

Income Tax Act, 1961 Section 206C

Title: Profits and Gains from the Business of Trading in Alcoholic Liquor, Forest Produce, Scrap, Etc.

State: Central

Year: 1961

..... 15. Substituted by the Finance Act, 2008, with effect from 1st April, 2008. Prior to substitution, sub-section (4) as amended by the Finance (No.) Act, 2004, with effect from 1st April, 2005; Finance Act, 2005, with effect from 1st April, 2005; and Finance Act, 2006, with effect from 1st April, 2006, stood as under: (4) Any amount collected in accordance with the provisions of this section and paid under sub-section (3) shall be deemed as payment of tax on behalf of the person from whom the amount has been collected and credit shall be given to him for the amount so collected on the production of the certificate furnished under sub-section (5) in the assessment made under this Act for the assessment year for which such income is assessable : Provided that where any amount is collected in accordance with the provisions of this section on or after the 1st day of April, 2008 and paid under sub-section (3) to the credit of the Central Government, the amount of tax collected and specified in the statement referred to in the second proviso to sub-section (5) shall be deemed as payment of tax on behalf of the person from whom the amount has been collected and credit shall be given.....

Taxation Laws (Amendment) Act, 2003 Chapter II

Title: Amendments to the Income-tax Act, 1961

State: Central

Year: 2003

.....the total income of the assessee: Provided that where in computing the total income of the undertaking for any assessment year, deduction under section 10A or section 10B has been claimed, the undertaking shall not be entitled to the deduction under this section: Provided further that no deduction under this section shall be allowed to any undertaking for the assessment year beginning on the 1st day of April, 2010 and subsequent years. (2) This section applies to any undertaking which fulfils the following conditions, namely:-- (a) it manufactures or produces the eligible articles or things without the use of imported raw materials; (b) it is not formed by the splitting up, or the reconstruction, of a business already in existence: Provided that this condition shall not apply in respect of any undertaking which is formed as a result of the re-establishment, reconstruction or revival by the assessee of the business of any such undertaking as is referred to in section 33B, in the circumstances and within the period specified in that section; (c) it is not formed by the transfer to a new business of machinery or plant previously used for any purpose. .....

Taxation Laws (Amendment) Act, 2003 Section 9

Title: Amendment of Section 206c

State: Central

Year: 2003

.....in the prescribed manner to the effect that the goods referred to in column (2) of the aforesaid Table are to be utilised for the purposes of manufacturing, processing or producing articles or things and not for trading purposes. (1B) The person responsible for collecting tax under this section shall deliver or cause to be delivered to the Chief Commissioner or Commissioner one copy of the declaration referred to in sub-section (1A) on or before the seventh day of the month next following the month in which the declaration is furnished to him."; (c) in sub-section (3), for the words "seven days", the words "the prescribed time" shall be substituted; (d) in sub-section (5), for the words "ten days from the date of debit", the words "such period as may be prescribed from the time of debit" shall be substituted; (e) in sub-section (7), for the words "one and one-fourth per cent.", the words "one per cent." shall be substituted; (f) in the Explanation occurring at the end, in clause (a), for sub-clauses (i) and (ii), the following sub-clauses shall be substituted, namely:-- "(i) a public sector company, the Central Government, a State Government, and an embassy, a high.....

The Kerala Agrarian Relations Act, 1960 Complete Act

State: Kerala

Year: 1960

.....RELATIONS ACT, 1960 ( Pub. in K.G. Ex. No. 9 dt. 3-2-1961) THE KERALA AGRARIAN RELATIONS ACT, 1960 [Act No. 4 of 1961] PREAMBLE An act to enact a comprehensive legislation relating to agrarian reforms in the State of Kerala. Whereas it is expedient to enact a comprehensive legislation relating to agrarian reforms in the State of Kerala; Be it enacted in the Eleventh Year of the Republic of India as follows:- Section 1 - Short title, extent and commencement (1) This Act may be called the Kerala Agrarian Relations Act, 1960. (2) It extends to the whole of the State of Kerala. (3) It shall come into force on such date as the Government may, by notification in the Gazette, appoint and different dates may be appointed for different provisions of this Act. (Ss. 1 to 40, 57, 58, 60, 74 to 79, 81 to 95 came into force w.e.f 15-2-1961 as per Noti. pub. in K.G. Ex. dt. 15-2-1961.) Section 2 - Definitions In this Act, unless the context otherwise requires,- (1) ˜agricultural labourer' means a person whose principal means of livelihood is the income he gets as wages, in connection with the agricultural operations he performs; (2) "agricultural.....

The Mahe Land Reforms Act, 1968 Complete Act

State: Pondicherry

Year: 1968

.....Power to make rules. 139. Limitation. 140. Repeal and savings. THE MAHE LAND REFORMS ACT, 1968 (Act No.1 of 1968) 22nd March, 1968 AN ACT To enact a comprehensive legislation relating to land reforms in Mahe region of the Union Territory of Pondicherry. WHEREAS it is expedient to enact a comprehensive legislation relating to land reforms in the Mahe region of the Union territory of Pondicherry; BE it enacted by the Legislative Assembly of Pondicherry in the Nineteenth Year of the Republic of India as follows:- CHAPTER I PRELIMINARY Short title, extent and commencement. 1. (1) This Act may be called the Mahe Land Reforms Act, 1968. (2) It extends to the whole of Mahe region of the Union territory of Pondicherry. The Act came into force from 22nd March, 1968 vide Extraordinary Gazette No.23, dated 22nd March, 1968. (3) The provisions of this Act, except this section which shall come into force at once, shall come into force on such date as the Government may, by notification in the Official Gazette, appoint; Provided that different dates may be appointed for different provisions of this Act, and any reference to the commencement of this Act in.....

The Meghalaya Forest (Removal of Timber) (Regulation) Act, 1981 Complete Act

State: Meghalaya

Year: 1981

.....as the State Government may, by notification, appoint for the purpose of exercising the powers and functions of a competent authority under this Act and the rules made thereunder for the whole or any part of the State; (b) "Prescribed" means prescribed by Rules made under this Act; (c) "State Government" means the Government of Meghalaya; (d) "Schedule" means a Schedule to this Act; (e) "Trading Depot" means any place or premises used for keeping, storing or stocking timber for the purpose of trade or otherwise of the timber outside the State. (2) Words and expressions used, but, not defined in this Act and defined in the Meghalaya Forest Regulation (Assam Regulation 7 of 1891 as applied in Meghalaya) shall have the meaning respectively assigned to them in that Regulation. 3. Removal of timber outside the State. (1) No person shall remove or cause to be removed for the purpose of trade or otherwise, any timber outside the State, and no Trading Depot shall be set up or established at any place without a licence from the competent authority: Provide that no such licence shall be granted by the competent authority- (a) in respect of timber the size of which is.....

Indian Forest Act, 1927 Chapter 8

Title: Of the Collection of Drift and Stranded Timber

State: Central

Year: 1927

.....and registration of hammers and other instruments to be used for marking such timber. 2[(1A) Every rule made by the Sate Government under this Act shall be laid, as soon as may be after it is made, before the State Legislature.] (2) The3[State Government] may prescribe, as penalties for the contravention of any rules made under this section, imprisonment for a term which may extend to six months, or fine which may extend to five hundred rupees, or both. ___________________ _ 1 . Substituted by the Delegated Legislation Provisions (Amendment) Act, 2004, section 2 and Schedule, for "may make rules". 2 . Inserted by the Delegated Legislation Provisions (Amendment) Act, 2004, section 2 and Schedule. 3. Substituted by the A.O. 1950, for " Provincial Government".

Forest Act, 1963 Chapter 7

Title: Collection of Drift and Stranded Timber

State: Karnataka

Year: 1963

.....as a depot for the reception of drift timber. (3)The State Government may, by notification, exempt any class of timber from theprovisions of this section. Section 54 - Notice to claimants of drift timber Public notice shall from time to time be given by the Forest Officer, of timber collected under section 53. Such notice shall contain a description of the timber and shall require any person claiming the same to present to such officer, within a period of not less than thirty days from the date of such notice a written statement of such claim. Section 55 - Procedure on claim preferred to such timber (1) When any such statement is presented under section 54, the Forest Officer may, after making such inquiry as he thinks fit, either reject the claim after recording his reasons for so doing, or accept the claim and deliver the timber to the claimant. (2) If such timber is claimed by more than one person, the Forest Officer may either deliver the same to any of such persons whom he deems entitled thereto or may refer the claimants to the civil court, and retain the timber or wood pending the receipt of an order from any such court for its disposal. (3) Any person whose.....