Bare Act Search Results

Income 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.]

Payment of Bonus Act, 1965 Section 31A

Title: Special Provision with Respect to Payment of Bonus Linked with Production or Productivity

State: Central

Year: 1965

.....shall be entitled to receive bonus due to them under such agreement or settlement, as the case may be: 2 [Provided that any such agreement or settlement whereby the employees relinquish their right to receive the minimum bonus under section 10 shall be null and void in so far as it purports to deprive them of such right:] 3 [Provided further that] such employees shall not be entitled to be paid such bonus in excess of twenty per cent, of the salary or wage earned by them during the relevant accounting year. _______________________ 1. Inserted by Act 23 of 1976, section 19 (w.r.e.f 25-9-1975). 2. Inserted by Act 66 of 1980, section 17 (w.r.e.f. 21-8-1980). 3. Substituted by Act 66 of 1980, section 17, for "Provided that" (w.r.e.f 21-8-1980).

EMPLOYEES PROVIDENT FUND & MISCELLANEOUS PROVISIONS ACT 1952 Section 6C

Title: Employees' Deposit-linked Insurance Scheme

State: Central

Year: 1952

.....than the expenses towards the cost of any benefits provided by or under that Scheme. 3[***] (5) The Insurance Fund, shall vest in the Central Board and be administered by it in such manner as may be specified in the Insurance Scheme. (6) The Insurance Scheme may provide for all or any of the matters specified in Schedule IV. (7) The Insurance Scheme may provide that any of its provisions shall take effect either prospectively or retrospectively on such date as may be specified in this behalf in that Scheme.] ________________________ 1. Inserted by Act 99 of 1976, section 21 (w.e.f. 1-8-1976). 2. Sub-section (3) omitted by Act 25 of 1996, section 6 (w.r.e.f 16-11-1995). 3. Clause (b) omitted by Act 25 of 1996, section 6 (w.r.e.f. 16-11-1995).

Income Tax Act, 1961 Section 80CCB

Title: Deduction in Respect of Investment Made Under Equity Linked Savings Scheme

State: Central

Year: 1961

.....a deduction has been allowed under sub-section (1) is returned to him in whole or in part either by way of repurchase of such units or on the termination of the plan, by the fund or the trust, as the case may be, in any previous year, it shall be deemed to be the income of the assessee of that previous year and chargeable to tax accordingly. (3) Notwithstanding anything contained in any other provision of this Act, where a partition has taken place among the members of a Hindu undivided family or where an association of persons has been dissolved after a deduction has been allowed under sub-section (1), the provisions of sub-section (2) shall apply as if the person in receipt of income referred to therein is the assessee.

Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948 Section 3G

Title: Coal Mines Deposit-linked Insurance Scheme

State: Central

Year: 1948

.....shall, after due appropriation made by Parliament by law, pay into the Insurance Fund such further sums of money representing one-half of the sums payable by the employer under clause (a), to meet all the expenses in connection with the administration of the Insurance Scheme other than the expenses towards the cost of any benefits provided by or under that scheme. (5) The Insurance Fund shall vest in the Board and shall be administered by the Board in such manner as may be specified in the Insurance Scheme. (6) Any scheme framed under the provisions of sub-section (1) may provide for all or any of the matters specified in the Third Schedule.] ________________________ 1. Inserted by Labour Provident Fund Laws (Amendment) Act (99 of 1976), S. 7 (1-8-76)

Income Tax Act, 1961 Section 174A

Title: Ja.-association of Persons or Body of Individuals or Artificial Juridical Person Formed for a Particular Event or Purpose

State: Central

Year: 1961

1[JA.- Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose ___________________ 1. Sub-heading JA, consisting of section 174A, inserted by the Finance Act, 2002, w.e.f. 1-4-2002.

High Court Judges (Salaries and Conditions of Service) Act, 1954 Section 20A

Title: Deposit Linked Insurance Scheme

State: Central

Year: 1954

1[20A. Deposit Linked Insurance Scheme.-- The Deposit Linked Insurance Scheme for the time being in force under the General Provident Fund (Central Services) Rules, 1960, shall apply to every Judge whether he subscribed to the General Provident Fund (Central Services) or any other Provident Fund referred to in section 20.] __________________________ 1. Inserted and deemed to have been inserted w.e.f. 5-9-1977 by H. C. and S. C. Judges (Conditions of Service) Amendment Act (38 of 1986), Section 4.

Supreme Court Judges (Salaries and Conditions of Service) Act, 1958 Section 20A

Title: Deposit Linked Insurance Scheme

State: Central

Year: 1958

1 [20A. Deposit Linked Insurance Scheme The Deposit Linked Insurance Scheme for the time being in force under the General Provident Fund (Central Services) Rules, 1960, shall apply to every Judge whether he subscribes to the General Provident Fund (Central Services) or any other Provident Fund referred to in section 20.] ________________________ 1. Inserted by High Court and Supreme Court Judges (Conditions of Service) Amendment Act (20 of 1988), S. 6 (w.r.e.f. 1-11-1986) (2 of 1994), Section.3 (w.r.e.f. 1-4-1986).

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.....

Finance Act, 2005 Complete Act

State: Central

Year: 2005

FINANCE ACT, 2005 FINANCE ACT, 2005 18 of 2005 CHAPTER 1: PRELIMINARY: Section 1: Short title and commencement: (1) This Act may be called the Finance Act, 2005. (2) Save as otherwise provided in this Act, Sections 2 to 64 shall be deemed to have come into force on the 1st day of April, 2005. CHAPTER 2: RATES OF INCOME TAX: SECTION 2: Income tax: (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2005, income tax shall be charged at the rates special in Part I of the First Schedule and such tax as reduced by the debate of income tax calculated under Chapter VIII-A of the Income Tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income Tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds fifty thousand rupees, then, (a) the net agricultural income shall be taken into.....