Bare Act Search Results

Finance Act, 1989 Chapter III

Title: Direct Taxes Income-tax

State: Central

Year: 1989

.....suffering therefrom, to engage in a gainful employment or occupation.". Section 18 - Amendment Of Section 115B In section 115B of the Income-tax Act, [as amended by section 31 of the Finance Act, 1988 (26 of 1988)], in sub-section (2), with effect from the 1st day of April, 1990, - (a) for the words, figures and letters "the previous year relevant to the assessment year commencing on the 1st day of April, 1989", the words, figures and letters "the previous years relevant to the assessment years commencing on the 1st day of April, 1989 and the 1st day of April, 1990" shall be substituted; (b) in the proviso, for the words "previous year", the words "previous years" shall be substituted. Section 19 - Amendment Of Section 115J In section 115J of the Income-tax Act, - (i) after sub-section (1) and before the Explanation, the following sub-section shall be inserted, namely :- "(1A) Every assessee, being a company, shall, for the purposes of this section, prepare its profit and loss account for the relevant previous year in accordance with the provisions of Parts II and III of Schedule VI to the Companies Act, 1956 (1 of 1956)."; (ii) in the Explanation, - (a) in.....

Finance Act, 1989 Complete Act

State: Central

Year: 1989

.....be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 1988. SECTION 31: 31-32 --- [Amendments to Gift tax Act incorporated in the Act not printed therefore]. SECTION 33: --- [Amendments to Expenditure-tax Act incorporated in the principal Act.] SECTION 34: --[Amendments incorporated in the Customs Tariff Act, 1975]. SECTION 35: AUXILIARY DUTIES OF CUSTOMS (1) In the case of goods mentioned in theFirst Schedule to the Customs Tariff Act, or in that Schedule as amended from time to time, there shall be levied and collected as an auxiliary duty of customs an amount equal to fifty per cent. of the value of goods as determined in accordance with the provisions ofSection 14 of the Customs Act, 1962(hereinafter referred to as the Customs Act). (2) Sub-section (1) shall cease to have effect after the 31st day of March, 1990, except as respects things done or omitted to be done before such cesser; andSection 6 of the General Clauses Act, 1897, shall apply upon such cesser as if the said sub-section had then been repealed by a Central Act. (3) The auxiliary duties of customs referred to in sub-section (1) shall be in addition to any duties of.....

Small Industries Development Bank of India Act, 1989 Complete Act

State: Central

Year: 1989

.....registered office, or (2) carries on the whole or part of his business, at the time of commencement of any legal proceedings against him under this Act, or (ii) the cause of action for such legal proceedings, wholly or in part, arises; (d) "Development Bank" means the Industries Development Bank of India established under Section 3 of the Industries Development Bank of India Act, 1964 (18 of 1964)-; (e) "Director" means a Director nominated under sub-section (1) of Section 6-and includes the "Chairman and Managing Director and whole time director"; (f) "export" means export from India of products or services of any industrial concern in small-scale sector ; 2(fa) "General Insurance Corporation" means the General Insurance Corporation of India formed under Sec. 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972)" (g) "import" means import into India of services or goods including all materials, commodities and articles in a solid, liquid or gaseous state and all forms of energy for the use of any industrial concern in the small-scale sector ; (h) "industrial concern in the small-scale sector" means an industrial concern as defined in clause (c).....

Finance Act, 1989 Section 4

Title: Amendment of Section 10

State: Central

Year: 1989

..... Explanation : For the purposes of this clause, - (i) the expression "public financial institution" shall have the meaning assigned to it in section 4A of the Companies Act, 1956 (1 of 1956); (ii) the expression "exchange risk premium" means a premium paid by a person borrowing foreign currency from a public financial institution to cover the risk which may be borne by such institution on account of fluctuations in exchange rate of foreign currencies borrowed by such institution;'; (b) in clause (15), in sub-clause (iv), after item (h), the following item shall be inserted with effect from the 1st day of April, 1990, namely :- "(i) by Government on deposits made by an employee of the Central Government or a State Government, in accordance with such scheme as the Central Government may, by notification in the Official Gazette, frame in this behalf, out of the moneys due to him on account of his retirement, whether on superannuation or otherwise;"; (c) after clause (23D), the following clause shall be inserted, namely :- '(23E) any income of such Exchange Risk Administration Fund set up by public financial institutions, either jointly or separately, as the Central.....

Finance Act, 1989 Schedule I

Title: First Schedule

State: Central

Year: 1989

.....by a company where such debentures are listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 and any rules made thereunder; (vi) on any other income (excluding interest payable on a tax-free security) 20 per cent.; (b) where the person is not resident in India - (i) in the case of a non-resident Indian - (ii) in the case of any other person - (A) on investment income and long-term capital gains 20 per cent.; (B) on income by way of interest payable on a tax-free security 15 per cent.; (C) on income by way of winnings from lotteries and crossword puzzles 40 per cent.; (D) on income by way of winnings from horse races 40 per cent.; (E) on the whole of other income income-tax at 30 per cent. of the amount of income or income-tax in respect of the income at the rates prescribed in Sub-Paragraph I of Paragraph A of Part III of this Schedule, if such income had been the total income, whichever is higher; (A) .....

Assam University Act, 1989 Schedule 1

Title: Schedule I

State: Central

Year: 1989

.....meet at least once in an academic year preferably in the beginning of that year. Ordinances how made 42. (1) The first Ordinances made under sub-section (2) of section 28 may be amended, repealed or added to at any time by the Executive Council in the manner specified below. (2) No Ordinance in respect of the matters enumerated in section 28, other than those enumerated in clause (n) of sub-section (1) thereof, shall be made by the Executive Council unless a draft of such Ordinance has been proposed by the Academic Council (3) The Executive Council shall not have power to amend any draft of any Ordinance proposed by the Academic Council under clause (2), but may reject the proposal or return the draft to the Academic Council for reconsideration, either in whole or in part, together with any amendment which the Executive Council may suggest. (4) Where the Executive Council has rejected or returned the draft of an Ordinance proposed by the Academic Council, the Academic Council may consider the question afresh and in case the original draft is reaffirmed by a majority of not less than two-thirds of the members present and voting and more than half the total number of.....

Small Industries Developement Bank of India Act, 1989 Schedule 2

Title: The Second Schedule

State: Central

Year: 1989

.....namely:-- '(ni) "Small Industries Bank" means the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act, 1989;'. 2. In section 18, in sub-section (1), in the Explanation, in clause (a), in sub-clause (ii), after the words "or from the National Bank", insert the words ",or from the Small Industries Bank,". 3. In section 34A, in sub-section (3) after the words "the National Bank", insert the words ", the Small Industries Bank,". 4. In section 36AD, in sub-section (3), after the words "the National Bank", insert the words ", the Small Industries Bank, 5. In section 56, in sub-clause (ii) of clause (a) of the Explanation under clause (j), after the words ", the National Bank", insert the words ", the Small Industries Bank,". PART IV Amendment to the Payment of Bonus Act, 1965 (21 of 1965) In section 32, in clause (IX), after sub-clause (f), the following sub-clause shall be inserted, namely:-- "(fa) the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act, 1989;".

Assam University Act, 1989 Complete Act

State: Central

Year: 1989

.....taken upon the result of such inspection or inquiry. (10) Where, the Executive Council or the management, does not, within a reasonable time, take action to the satisfaction of the Visitor, the Visitor may, after considering any explanation furnished or representation made by the Executive Council or the management, issue such directions as he may think fit and the Executive Council or the management, as the case may be, shall comply with such directions. (11) Without prejuice to the foregoing provisions of this section, the Visitor may.. by order in writing, annul any proceeding of the University which is not in conformity with the Act the Statutes or the Ordinances : Provided that before making any such order, he shall call upon the Registrar to show cause why such an order should not be made, and, if any cause is shown within a reasonable time, he shall consider the same. (12) The Visitor shall have such other powers as may be prescribed by the Statutes. SECTION 09: THE CHIEF RECTOR The Governor of the State of Assam shall be the Chief Rector of the University. SECTION 10: OFFICERS OF THE UNIVERSITY The following shall be the officers of the University :- (1) the.....

Nagaland University Act, 1989 Complete Act

State: Central

Year: 1989

.....taken upon the result of such inspection or inquiry. (10) Where, the Executive Council or the management, does not, within a reasonable time, take action to the satisfaction of the Visitor, the Visitor may, after considering any explanation furnished or representation made by the Executive Council or the management, issue such directions as he may think fit and the Executive Council or the management, as the case may be, shall comply with such directions. (11) Without prejudice to the foregoing provisions of this section, the Visitor may, by order in writing, annul any proceeding of the University which is not in conformity with the Act, the Statutes or the Ordinances: Provided that before making any such order, he shall call upon the Registrar to show cause why such an order should not be made, and, if any cause is shown within a reasonable time, he shall consider the same. (12) The Visitor shall have such other powers as may be prescribed by the Statutes. SECTION 10: THE CHIEF RECTOR The Governor of the State of Nagaland shall be the Chief Rector of the University. SECTION 11: OFFICERS OF THE UNIVERSITY - The following shall be the officers of the University :- (1) the.....

West Bengal Additional Tax and Onetime Tax on Motor Vehicles Act, 1989 Complete Act

State: West Bengal

Year: 1989

.....to have come into force on the 1st day of April, 1989. Section 2 Definitions 11. Words subs, for the words, figure and brackets "(1) In this Act" by W.B. Act 5 of 1992. w.e.f. 25.11.91. [In this Act], unless there is anything repugnant in the subject or context, (a) "additional tax" means the tax imposed under this Act and leviable in respect of motor vehicles as shown in Schedule I; 22. Clause (1a) ins. by W.B. Act 5 of 1992, w.e.f. 25.11.91. (1a) "ambulance or clinic van" means an omnibus or motor vehicle adapted to be used as such for carrying patients or other medical purpose; 2a2a. Clause (1b) ins. by W.B. Act 8 of 1999 w.e.f. 22.07.1999. (1b) "autorickshaw" means a motor vehicle having three wheels constructed or adopted and used to carry not more than three passengers for hire or reward excluding the driver. Explanation. For the purposes of this clause, a motor vehicle having three wheels constructed or adopted and used to carry more than three passengers but not more than twelve passengers for hire or reward excluding the driver shall not be treated as authorickshaw. Such motor vehicle shall be regarded as motorcab or maxicab, considering its seating capacity.....