Bare Act Search Results

Finance Act, 1988 Section 12

Title: Amendment of Section 43b

State: Central

Year: 1988

In section 43B of the Income-tax Act [as amended by section 15 of the Direct Tax Laws (Amendment) Act, 1987 (4 of 1988)], with effect from the 1st day of April, 1989, - (i) for clause (a), the following clause shall be substituted, namely :- "(a) any sum payable by the assessee by way of tax, duty, cess or fee, by whatever name called, under any law for the time being in force, or"; (ii) in clause (c), the word "or" shall be inserted at the end; (iii) after clause (c), the following clause shall be inserted, namely :- "(d) any sum payable by the assessee as interest on any loan or borrowing from any public financial institution, in accordance with the terms and conditions of the agreement governing such loan or borrowing."; (iv) in the first proviso, after the word, brackets and letter "clause (c)", the words, brackets and letter "or clause (d)" shall be inserted; (v) in Explanation 2, after the word, brackets and letter "clause (c)", the words, brackets and letter "or clause (d)" shall be inserted; (vi) after Explanation 2, the following Explanation shall be inserted, namely :- 'Explanation 3 : For the purposes of this section, the expression "public financial.....

Finance Act 2007 Section 9

Title: Amendment of Section 12aa

State: Central

Year: 2007

In section 12AA of the Income-tax Act, with effect from the 1st day of June, 2007,-- (a) in sub-section (1), after the word, brackets and letter "clause (a)", the words, brackets, letters and figure "or clause (aa) of sub-section (1)" shall be inserted; (b) in sub-section (2), after the word, brackets and letter "clause (a)", the words, brackets, letters and figure "or clause (aa) of sub-section (1)" shall be inserted.

Finance Act, 1988 Chapter V

Title: Miscellaneous

State: Central

Year: 1988

.....clauses shall be substituted, namely :- '(vi) building or land appurtenant thereto, other than building or part thereof used by the assessee as factory, godown, warehouse, cinema house, hotel or office for the purposes of its business or as a hospital, creche, school, canteen, library, recreational centre, shelter, rest-room or lunch room mainly used for the welfare of its employees or used as residential accommodation, except as provided in clauses (via) and (vib), and the land appurtenant to such building or part; (via) any building used as residential accommodation in the nature of a guest house and land appurtenant thereto; (vib) any building and the land appurtenant to such building used as residential accommodation by any director, manager, secretary or any other employee of the assessee, such employee holding not less than one per cent. of the equity share of the assessee or by any relative of any person who holds not less than one per cent. of the equity share of the assessee. Explanation : For the purposes of this clause, "relative" shall have the meaning assigned to it in clause (b) of Explanation 1 to section 80F of the Income-tax Act.'; (d) after clause.....

Finance Act, 1988 Section 88

Title: Amendment of Act 4 of 1988

State: Central

Year: 1988

.....at the end; (c) in section 38, the words, figures and letters with effect from the 1st day of April, 1988 shall be inserted at the end; (d) section 92 shall be omitted; (e) in section 128, - (i) in clause (i), the words, figures and letters with effect from the 1st day of April, 1988 shall be inserted at the end; (ii) in clause (ii), after the words shall be inserted, the words, figures and letters with effect from the 1st day of April, 1988 shall be inserted; (iii) in clause (iii), the words, figures and letters with effect from the 1st day of April, 1988 shall be inserted at the end; (iv) in clause (vii), after the words shall be substituted, the words, figures and letters with effect from the 1st day of April, 1988 shall be inserted; (f) in section 153, clause (a) shall be omitted; (g) in section 154, - (i) in clause (1), - (A) in sub-clause (b), the words, figures and letters with effect from the 1st day of April, 1988 shall be inserted at the end; (B) in sub-clause (f), the words, figures and letters with effect from the 1st day of April, 1988 shall be inserted at the end; (ii) in clause (2), in sub-clause (b), the words, figures and letters.....

Income Tax Act, 1961 Amending Act 1

Title: Taxation Laws (Amendment) Act, 2001

State: Central

Year: 1961

.....proviso snail be inserted, namely:-- "Providedalso that any amount of donation received by the fund or institution in terms of clause (d) of sub-section (2) of section 80G which has been utilised for purposes other than providing relief to the victims of earthquake in Gujarat or which remains unutilised in terms of sub-section (5C) of section 80G and not transferred to the Prime Minister's National Relief Fund on or before the 31st day of March, 2002 shall be deemed to be the income of the previous year and shall accordingly be charged to tax.". 5. Amendment of section 12 - In section 12 of the Income-tax Act, after sub-section (2) and the Explanation thereto, the following sub-section shall be inserted, namely: -- "(3) Notwithstanding anything contained in section 11, any amount of donation received by the trust or institution in terms of clause (d) of sub-section (2) of section 80G which has been utilised for purposes other than providing relief to the victims of earthquake in Gujarat or which remains unutilised in terms of sub-section (5C) of section 80G and not transferred to the Prime Minister's National Relief Fund on or before the 31st day of March, 2002 shall be.....

Taxation Laws (Amendment) Act, 2001 Section 6

Title: Amendment of Section 80g

State: Central

Year: 2001

In section 80G of the Income-tax Act, -- (a) In sub-section (1), in clause (i), -- (i) After the words, brackets, figures and letter "or in sub-clause (iiig)", the words, brackets, figures and letters "or in sub-clause (iiiga)" shall be inserted; (ii) After the words, brackets and letter "or in clause (c)", the words, brackets and letter "or in clause (d)" shall be inserted; (b) In sub-section (2),-- (i) In clause (a), after sub-clause (iiig), the following sub-clause shall be inserted, namely: -- "(iiiga) any fund set up by the Slate Government of Gujarat exclusively for providing relief to the victims of earthquake in Gujarat;"; (ii) After clause (c), the following clause shall be inserted, namely: -- "(d) Any sums paid by the assessee, during the period beginning on the 26th day of January, 2001 and ending on the 30th day of September, 2001, to any trust, institution or fund to which this section applies for providing relief to the victims of earthquake in Gujarat." (c) After sub-section (55), the following sub-section shall be inserted, namely: -- "(5C) This sub-section applies in relation to amounts referred to in clause (d) Of sub-section (2) only.....

Finance Act 1965 Section 52

Title: Amendment of Section 209

State: Central

Year: 1965

In section 209 of the Income tax Act, (i) in clause (a), (a) in sub clauses (ii) and (iii), the words "and super tax", wherever they occur, shall be omitted; (b) in sub clause (iv), the words "and super tax" and the brackets and letter "(b)" shall be omitted; (ii) clause (b) shall be omitted; (iii) in the Explanation, for the words, brackets and letters "clauses (a) and (b)", the word, brackets and letter "clause (a)" shall be substituted.

Finance Act, 1993 Chapter III

Title: Direct Tax

State: Central

Year: 1993

.....than units referred to in section 115AB) listed in a recognised stock exchange in India in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), and any rules made thereunder; or (b) income by way of short-term or long-term capital gains arising from the transfer of such securities, the income-tax payable shall be the aggregate of - (i) the amount of income-tax calculated on the income in respect of securities referred to in clause (a), if any, included in the total income, at the rate of twenty per cent.; (ii) the amount of income-tax calculated on the income by way of short-term capital gains referred to in clause (b), if any, included in the total income, at the rate of thirty per cent.; (iii) the amount of income-tax calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income, at the rate of ten per cent.; and (iv) the amount of income-tax with which the Foreign Institutional Investor would have been chargeable had its total income been reduced by the amount of income referred to in clause (a) and clause (b). (2) Where the gross total income of the.....

Decees and Orders Validating Act, 1936 Complete Act

State: Central

Year: 1936

.....be called in question in any proceedings before any other Court on the ground that the High Court passing the decree or making the order had no jurisdiction to pass or make the decree or order. SECTION 03: RESTORATION OF PROCEEDINGS - Where in any proceedings concluded on or after the 26th day of August, 1935, any such decree or order has been found to be invalid on such ground by any Court, such finding shall be void and of no effect; and the Court shall, notwithstanding anything to the contrary inthe Indian Limitation Act, 1908or any other law for the lime being in force, on application made within six months from the commencement of this Act by any person prejudicially affected by such finding, restore the proceedings at and continue the proceedings from the state reached immediately before the order embodying or based on such Finding was made. Footnotes: 2. Substituted for the former sub-section (2) by A.L.O.. 1950. 3. The Act has been extended (partially) to Berar by Act 4 of 1941 and to the Union Territory of Dadra and Nagar Haveli by Reg. 6 of 1963. 4. Substituted for "Pan B States", by 3 A.L.0..1956. Central Bare Acts

Finance Act, 1988 Section 55

Title: Amendment of Section 5

State: Central

Year: 1988

In section 5 of the Wealth-tax Act, 1957 (27 of 1957) [(hereinafter referred to as Wealth-tax Act, - (a) in sub-section (1), - (i) after clause (xvie) and the Explanation thereto, the following clause shall be inserted, namely :- "(xvif) in the case of an individual or a Hindu undivided family, such Relief Bonds as the Central Government may, by notification in the Official Gazette, specify in this behalf;"; (ii) for clause (xxxa), the following clause shall be substituted with effect from the 1st day of April, 1989, namely :- "(xxxa) the value of one or more dwelling units (each having a plinth area of eighty square metres or less) belonging to the assessee and used solely for the purpose of residence of persons employed by the assessee in any plantation or industrial undertaking belonging to the assessee;"; (b) in sub-section (1A), with effect from the 1st day of April, 1989, - (i) in the opening paragraph, after the brackets and figures "(xvi),", the brackets, figures and letter "(xvie)," shall be inserted; (ii) after the first proviso, the following proviso shall be inserted, namely :- "Provided further that nothing contained in this sub-section shall apply.....