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Home Bare Acts Phrase: individuallyIncome Tax Act, 1961 Section 64
Title: Income of Individual to Include Income of Spouse, Minor Child, Etc.
State: Central
Year: 1961
.....individual has, at any time after the 31st day of December, 1969, been converted by the individual into property belonging to the family through the act of impressing such separate property with the character of property belonging to the family or throwing it into the common stock of the family or been transferred by the individual, directly or indirectly, to the family otherwise than for adequate consideration (the property so converted or transferred being hereinafter referred to as the converted property), then, notwithstanding anything contained in any other provision of this Act or in any other law for the time being in force, for the purpose of computation of the total income of the individual under this Act for any assessment year commencing on or after the 1st day of April, 1971, (a) the individual shall be deemed to have transferred the converted property, through the family, to the members of the family for being held by them jointly; (b) the income derived from the converted property or any part thereof shall be deemed to arise to the individual and not to the family; (c) where the converted property has been the subject matter of a partition (whether partial or.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 167B
Title: Charge of Tax Where Shares of Members in Association of Persons or Body of Individuals Unknown, Etc.
State: Central
Year: 1961
.....at such higher rate. (2) Where, in the case of an association of persons or body of individuals as aforesaid [not being a case falling under sub-section (1)], - (i) the total income of any member thereof for the previous year (excluding his share from such association or body) exceeds the maximum amount which is not chargeable to tax in the case of that member under the Finance Act of the relevant year, tax shall be charged on the total income of the association or body at the maximum marginal rate; (ii) any member or members thereof is or are chargeable to tax at a rate or rates which is or are higher than the maximum marginal rate, tax shall be charged on that portion or portions of the total income of the association or body which is or are relatable to the share or shares of such member or members at such higher rate or rates, as the case may be, and the balance of the total income of the association or body shall be taxed at the maximum marginal rate. Explanation: For the purposes of this section, the individual shares of the members of an association of persons or body of individuals in the whole or any part of the income of such association or body shall be.....
View Complete Act List Judgments citing this sectionIndustrial Disputes Act, 1947 Section 2A
Title: Dismissal, Etc., of an Individual Workman to Be Deemed to Be an Industrial Dispute
State: Central
Year: 1947
.....to adjudicate such dispute has been referred to it for adjudication and accordingly all the provisions of this Act relating to adjudicaction of industrial disputes by the Labour Court shall apply to such adjudication." 4 West Bengal In section 2A,-- (a) after the words "dismisses, retrenches", insert the words "refuses employment"; (b) after the words "dismissal, retrenchment", insert the words "refusal of employment". ______________________ 1. Inserted by Act 35 of 1965, section 3 (w.e.f. 1-12-1965). 2. Vide Andhra Pradesh Act 32 of 1987, section 2 (w.e.f. 27-7-1987). 3. Vide Tamil Nadu Act 5 of 1988, section 2 (w.e.f. 1-11-1988). 4. Vide West Bengal Act 53 of 1989, section 3 (w.e.f. 8-12-1989).
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 253
Title: Only Individuals to Be Directors
State: Central
Year: 1956
No body corporate, association or firm shall be appointed director of a1[***] company, and only an individual shall be so appointed. 2[Provided that no company shall appoint or re-appoint any individual as director of the company unless he has been allotted a Director Identification Number under section 266B.]. ______________________ 1. The words "public or private" omitted by Act 65 of 1960, Section 82 (w.e.f. 28-12-1960). 2. Inserted by Companies (Amnendment) Act, 2006 (23 of 2006), w.e.f. 01.11.2006.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 88B
Title: Rebate of Income-tax in Case of Individuals of Sixty-five Years or Above [Omitted]
State: Central
Year: 1961
1[***] ____________________ 1. Omitted by the Finance Act, 2005, with effect from 1st April, 2006. Prior to omission, section 88B as amended by the Finance Act, 1997, with effect from 1st April, 1998; Finance Act, 2000, with effect from 1st April, 2001 and Finance Act, 2003, with effect from 1st April, 2004, stood as under: 88B. Rebate of income-tax in case of individuals of sixty-five years or above An assessee, being an individual resident in India, who is of the age of sixty-five years or more at any time during the previous year shall be entitled to a deduction from the amount of income-tax (as computed before allowing the deduction under this Chapter) on his total income, with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of twenty thousand rupees, whichever is less.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 88D
Title: Rebate of Income-tax in Case of Certain Individuals [Omitted]
State: Central
Year: 1961
1[***] ____________________ 1. Omitted by the Finance Act, 2005, with effect from 1st April, 2006. Prior to omission, section 88D, as inserted by the Finance (No. 2) Act, 2004, with effect from 1st April, 2005, stood as under: 88D. Rebate of income-tax in case of certain individuals. An assessee, being an individual resident in India, (a) whose total income does not exceed one hundred thousand rupees, shall be entitled to a deduction from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax; (b) whose total income exceeds one hundred thousand rupees and the income-tax payable on such total income (as computed before allowing the deductions under this Chapter) exceeds the amount by which such total income is in excess of one hundred thousand rupees, shall be entitled to a deduction from the amount of income-tax on his total income, of an amount equal to the amount by which the income-tax payable on such total income is in excess of the amount by which the total income exceeds one hundred thousand.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 167A to 167B
Title: Dd.firms, Association of Persons and Body of Individuals
State: Central
Year: 1961
1[ DD.-Firms, association of persons and body of individuals] ________________________ 1. Substituted for the existing sub-heading 'DD' by the Finance Act, 1992, w.e.f. 1-4-1993. Prior to substitution, sub-heading 'DD', as inserted by the Finance Act, 1981, w.e.f. 1-4-1981 and later amended by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989 and the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989, read as under : "DD.-Association of persons and body of individuals"
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 174A
Title: Assessment of Association of Persons or Body of Individuals or Artificial Juridical Person Formed for a Particular Event or Purpose
State: Central
Year: 1961
Notwithstanding anything contained in section 4, where it appears to the Assessing Officer that any association of persons or a body of individuals or an artificial juridical person, formed or established or incorporated for a particular event or purpose is likely to be dissolved in the assessment year in which such association of persons or a body of individuals or an artificial juridical person was formed or established or incorporated or immediately after such assessment year, the total income of such association or body or juridical person for the period from the expiry of the previous year for that assessment year up to the date of its dissolution shall be chargeable to tax in that assessment year, and the provisions of sub-sections (2) to (6) of section 174 shall, so far as may be, apply to any proceedings in the case of any such person as they apply in the case of persons leaving India.]
View Complete Act List Judgments citing this sectionAgricultural Income-tax Act, 1957 Section 23
Title: Power to Assess Individual Members of Certain Associations
State: Karnataka
Year: 1957
.....of his assessment thereon. Explanation.--(1) A member of an association who owns the whole or the major portion of the capital of the association shall not by reason only of that fact be deemed to control the firm or association. (2) The1[Joint Commissioner] of Agricultural Income-tax shall not give his approval to any order proposed to be passed by the1[Assistant Commissioner of Agricultural Income-tax], under this section until he has given the firm or association concerned an opportunity of being heard. (3) Where any member of an association of individuals makes default in the payment of tax on his share of income which has been included in his total agricultural income under the provisions of sub-section (1), such tax may be recovered from the association. (4) Where the agricultural income-tax is recoverable from an association under this section, a notice of demand shall be served upon it in the prescribed form showing the sum so payable, and such association shall be deemed to be the assessee in respect of such sum for the purposes of Chapter V. ________________________ 1. Substituted by Act 5 of 1993 w.e.f. 9.11.1992
View Complete Act List Judgments citing this sectionINCOME TAX ACT, 1961 Section 67A
Title: Method of computing a member's share in income of association of persons or body of individuals
State: Central
Year: 1961
.....income or loss of the association or body, as computed under sub-section (1), shall, for the purposes of assessment, be apportioned under the various heads of income in the same manner in which the income or loss of the association or body has been determined under each head of income. (3) Any interest paid by a member on capital borrowed by him for the purposes of investment in the association or body shall, in computing his share chargeable under the head Profits and gains of business or profession in respect of his share in the income of the association or body, be deducted from his share. Explanation: In this section, paid has the same meaning as is assigned to it in clause (2) of section 43.
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