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Home Bare Acts Phrase: headingIncome Tax Act, 1961 Section 71
Title: Set off of Loss from One Head Against Income from Another
State: Central
Year: 1961
.....year, the net result of the computation under the head Capital gains is a loss and the assessee has income assessable under any other head of income, the assessee shall not be entitled to have such loss set-off against income under the other head. (4) Where the net result of the computation under the head Income from house property is a loss, in respect of the assessment years commencing on the 1st day of April, 1995 and the 1st day of April, 1996, such loss shall be first set-off under sub-sections (1) and (2) and thereafter the loss referred to in section 71A shall be set-off in the relevant assessment year in accordance with the provisions of that section. ______________________________ 1. Inserted by the Finance (No. 2) Act, 2004, with effect from 1st April, 2005.
View Complete Act List Judgments citing this sectionKarnataka Universities of Agricultural Sciences Act, 1963 Section 21
Title: Heads of Divisions
State: Karnataka
Year: 1963
(1) There shall be the following Heads of Divisions, namely: (i) Head of Basic Sciences and Humanities Division. (ii) Head of Plant and Soil Sciences Division. (iii) Head of Horticulture Sciences Division. (iv) Head of Animal Sciences Division. (v) Head of Dairying Sciences Division. (vi) Head of Veterinary Sciences Division. (vii) Head of Fisheries Sciences Division. (viii) Head of Home Economics Division. (ix) Head of Agricultural Engineering Sciences Division. (2) The Heads of Divisions shall be whole time officers technically trained in the subject concerned and shall be responsible to the Dean and the respective Directors and shall exercise such powers and perform such functions in respect of the Division concerned as may be prescribed. (3) The salary and allowances and other conditions of service of the Heads of Divisions shall be such as may be prescribed.
View Complete Act List Judgments citing this sectionKarnataka Veterinary, Animal and Fisheries Sciences University Act, 2004 Section 23
Title: Heads of Divisions
State: Karnataka
Year: 2004
(1) There shall be the following Heads of Divisions, namely::-- 1. Head of Animal Sciences Division. 2. Head of Dairy Sciences Division, 3. Head of Veterinary Sciences Division, 4. Head of Poultry Sciences Division. 5. Head of Fisheries Sciences Division, (2) The Heads of Divisions shall be whole time officers and technically trained in the subject concerned and shall be responsible to the Dean and the respective Directors and shall exercise such powers and perform such functions in respect of the Division concerned as may be prescribed. (3) The salary and allowances payable to and other conditions of service of, the Heads of Divisions shall be such as may be prescribed.
View Complete Act List Judgments citing this sectionKannada University Act, 1991 Section 36
Title: Terms and Conditions of Service of Heads of Departments
State: Karnataka
Year: 1991
(1) Each Department of the University shall have a Head who shall be a Professor and whose duties and functions and terms and conditions of appointment shall be as may be prescribed: Provided that if there is more than one Professor in any Department, the Head of the Department shall be appointed in the manner prescribed: Provided further that in a Department where there is no Professor, an Associate Professor or an Assistant Professor may be appointed as Head of the Department in the manner prescribed. (2) It shall be open to a Professor or Associate Professor or Assistant Professor to decline the offer of appointment as Head of the Department. (3) A person appointed as Head of the Department shall hold office as such for a period of three years and shall be eligible for reappointment. (4) A Head of the Department may resign his office at any time during his tenure of office. (5) A Head of the Department shall perform such functions as may be prescribed.
View Complete Act List Judgments citing this sectionINCOME TAX ACT, 1961 Section 74
Title: Losses under the head 'Capital gains'
State: Central
Year: 1961
.....of this section as it stood before the 1st day of April, 1988, shall be dealt with in the assessment year commencing on the 1st day of April, 1988, or any subsequent assessment year as follows: (a) in so far as such loss relates to short-term capital assets, it shall be carried forward and set-off in accordance with the provisions of sub-sections (1) and (2); (b) in so far as such loss relates to long-term capital assets, it shall be reduced by the deductions specified in sub-section (2) of section 48 and the reduced amount shall be carried forward and set-off in accordance with the provisions of subsection (1) but such carry forward shall not be allowed beyond the fourth assessment year immediately succeeding the assessment year for which the loss was first computed.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 70
Title: Set off of Loss from One Source Against Income from Another Source Under the Same Head of Income
State: Central
Year: 1961
.....to 55 in respect of any capital asset (other than a short-term capital asset) is a loss, the assessee shall be entitled to have the amount of such loss set-off against the income, if any, as arrived at under a similar computation made for the assessment year in respect of any other capital asset not being a short-term capital asset.] ____________________________ 1. Substituted by the Finance Act, 2002, with effect from 1st April, 2003. Prior to substitution, section 70 stood as under: 70. Set-off of loss from one source against income from another source under the same head of income. Save as otherwise provided in this Act, where the net result for any assessment year in respect of any source falling under any head of income is a loss, the assessee shall be entitled to have the amount of such loss set-off against his income from any other source under the same head.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 44C
Title: Deduction of Head Office Expenditure in the Case of Nonresidents
State: Central
Year: 1961
.....giving effect to the allowance referred to in this section or in sub-section (2) of section 32 or the deduction referred to in section 32A or section 33 or section 33A or the first proviso to clause (ix) of sub-section (1) of section 36 or any loss carried forward under sub-section (1) of section 72 or sub-section (2) of section 73 or sub-section (1) or sub-section (3) of section 74 or sub-section (3) of section 74A or the deductions under Chapter VIA; (ii) average adjusted total income means, - (a) in a case where the total income of the assessee is assessable for each of the three assessment years immediately preceding the relevant assessment year, one-third of the aggregate amount of the adjusted total income in respect of the previous years relevant to the aforesaid three assessment years; (b) in a case where the total income of the assessee is assessable only for two of the aforesaid three assessment years, one-half of the aggregate amount of the adjusted total income in respect of the previous years relevant to the aforesaid two assessment years; (c) in a case where the total income of the assessee is assessable only for one of the aforesaid three assessment.....
View Complete Act List Judgments citing this sectionMerchant Shipping (Amendment) Act, 2002 Section 7
Title: Substitution of New Sub-heading for Sub-heading Above Section 299
State: Central
Year: 2002
For the sub-heading "Safety certificates, safety equipment certificates, safety radio telegraphy certificates, safety radio telephony certificates; exemption certificates, etc." above section 299 of the principal Act, the following sub-heading shall be substituted, namely:- "Safety certificates, safety equipment certificates, safety radio certificates, exemption certificates, etc."..
View Complete Act List Judgments citing this sectionCompanies (Second Amendment) Act, 2002 Section 50
Title: Amendment of Heading and Sub-heading Before Section 433
State: Central
Year: 2002
In the heading and sub-heading before section 433 of the principal Act, for the word "Court", the word "Tribunal" shall be substituted.
View Complete Act List Judgments citing this sectionNational Food Security Act, 2013, Section 13
Title: Women of Eighteen Years of Age or Above to Be Head of Household for Purpose of Issue of Ration Cards
State: Central
Year: 2013
(1) The eldest woman who is not less than eighteen years of age, in every eligible household, shall be head of the household for the purpose of issue of ration cards. (2) Where a household at any time does not have a woman or a woman of eighteen years of age or above, but has a female member below the age of eighteen years, then, the eldest male member of the household shall be the head of the household for the purpose of issue of ration card and the female member, on attaining the age of eighteen years, shall become the head of the household for such ration cards in place of such male member.
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