Bare Act Search Results

Finance Act, 2003 Complete Act

State: Central

Year: 2003

FINANCE ACT, 2003 FINANCE ACT, 2003 May 14, 2003 An Act to give effect to the financial proposals of the Central Government for the financial year 2003-2004 BE it enacted by Parliament in the Fifty-fourth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called the Finance Act, 2003. (2) Save as otherwise provided in this Act, sections 2 to 103 [except clause (b) of section 92] shall be deemed to have come into force on the 1st day of April, 2003. SECTION 02: INCOME TAX (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2003, income tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income tax calculated underChapter VII-Aof theIncome-lax 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.....

Finance Act, 2003 Chapter III

Title: Direct Taxes

State: Central

Year: 2003

.....of April, 2004, namely:-- 'Explanation 2.--For the removal of doubts, it is hereby declared that "business connection" shall include any business activity carried out through a person who, acting on behalf of the non-resident,-- (a) has and habitually exercises in India, an authority to conclude contracts on behalf of the non-resident, unless his activities are limited to the purchase of goods or merchandise for the non-resident; or (b) has no such authority, but habitually maintains in India a stock of goods or merchandise from which he regularly delivers goods or merchandise on behalf of the non-resident; or (c) habitually secures orders in India, mainly or wholly for the non-resident or for that non-resident and other non-residents controlling, controlled by, or subject to the same common control, as that non-resident: Provided that such business connection shall not include any business activity carried out through a broker, general commission agent or any other agent having an independent status, if such broker, general commission agent or any other agent having an independent status is acting in the ordinary course of his business: Provided further that where.....

Finance Act, 2003 Section 44

Title: Insertion of New Section 80qqb

State: Central

Year: 2003

After section 80QQA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2004, namely:- '80QQB. Deduction in respect of royalty income, etc., of authors of certain books other than text books.-- (1) Where, in the case of an individual resident in India, being an author, the gross total income includes any income, derived by him in the exercise of his profession, on account of any lump sum consideration for the assignment or grant of any of his interests in the copyright of any book being a work of literary, artistic or scientific nature, or of royalty or copyright fees (whether receivable in lump sum or otherwise) in respect of such book, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction from such income, computed in the manner specified in sub-section (2). (2) The deduction under this section shall be equal to the whole of such income referred to in sub-section (1), or an amount of three lakh rupees, whichever is less: Provided that where the income by way of such royalty or the copyright fee, is not a lump sum.....

The Kerala Irrigation and Water Conservation Act, 2003 [1] Complete Act

State: Kerala

Year: 2003

THE KERALA IRRIGATION AND WATER CONSERVATION ACT, 2003 [1] ACT 31 OF 2003 THE KERALA IRRIGATION AND WATER CONSERVATION ACT, 2003 [1] An Act to consolidate and amend the laws relating to construction of irrigation works, conservation and distribution of water for the purpose of irrigation and levy of betterment contribution and water cess on lands benefited by irrigation works in the State of Kerala and to provide for involvement of farmers in water utilisation system and for matters connected therewith or incidental thereto. Preamble .-Whereas it is expedient to consolidate and amend the laws relating to construction of irrigation works, conservation and distribution of water for the purpose of irrigation and levy of betterment contribution and water cess on lands benefited by irrigation works in the State of Kerala and to provide for involvement of farmers in water utilisation system and for matters connected there with or incidental thereto; BE it enacted in the Fifty- fourth Year of the Republic of India as follows:- CHAPTER I PRELIMINARY 1. Short title, extent and commencement.- (1) This Act may be called the Kerala Irrigation and Water.....

Electricity Act, 2003 Part VIII

Title: Works

State: Central

Year: 2003

.....section in addition to any compensation under sub-section (3), may impose a penalty not exceeding the amount of compensation payable under that sub-section. Section 68 - Overhead lines (1) An overhead line shall, with prior approval of the Appropriate Government, be installed or kept installed above ground in accordance with the provisions of sub-section (2). (2) The provisions contained in sub-section (1) shall not apply-- (a) in relation to an electric line which has a nominal voltage not exceeding 11 kilovolts and is used or intended to be used for supplying to a single consumer; (b) in relation to so much of an electric line as is or will be within premises in the occupation or control of the person responsible for its installation; or (c) in such other cases, as may be prescribed. (3) The Appropriate Government shall, while granting approval under sub-section (1), impose such conditions (including conditions as to the ownership and operation of the line) as appear to it to be necessary. (4) The Appropriate Government may vary or revoke the approval at any time after the end of such period as may be stipulated in the approval granted by it. (5) Where any.....

Karnataka Value Added Tax Act, 2003 Section 9A

Title: Deduction of Tax at Source (in Case of Works Contract)

State: Karnataka

Year: 2003

.....(5) , the authority making deductions under sub section (1) shall pay , by way of interest, a sum equal to the interest specified under sub -section (1) of Section 37 during the period in which such default is continued. (8) The authority making deduction under sub -section (1) , shall furnish to the dealer from whom such deduction is made, a certificate obtained from the prescribed authority containing such particulars as may be prescribed. (9) Payment by way of deduction in accordance with sub -section (5), shall be without prejudice to any other mode of recovery of tax due under this Act from the dealer executing the works contract. (10) Where tax in respect of the works contract is remitted under sub -section (5), the tax payable by the dealer for any period, 3[***] shall be reduced by the amount of tax already remitted under the said sub-section. (11) The burden of proving that the tax on such works contract has already been remitted and of establishing the exact quantum of tax so remitted shall be on the dealer claiming the reduction of t ax under sub-section (10).] ______________________________ 1. Inserted by Karnataka Value Added Tax (Amendment) Act.....

Electricity Act, 2003 Section 138

Title: Interference with Meters or Works of Licensee

State: Central

Year: 2003

(1) Whoever,-- (a) unauthorisedly connects any meter, indicator or apparatus with any electric line through which electricity is supplied by a licensee or disconnects the same from any such electric line; or (b) unauthorisedly reconnects any meter, indicator or apparatus with any electric line or other works being the property of a licensee when the said electric line or other works has or have been cut or disconnected; or (c) lays or causes to be laid, or connects up any works for the purpose of communicating with any other works belonging to a licensee; or (d) maliciously injures any meter, indicator, or apparatus belonging to a licensee or wilfully or fraudulently alters the index of any such meter, indicator or apparatus or prevents any such meter, indicator or apparatus from duly registering, shall be punishable with imprisonment for a term which may extend to three years, or with fine which may extend to ten thousand rupees, or with both, and, in the case of a continuing offence, with a daily fine which may extend to five hundred rupees; and if it is proved that any means exist for making such connection as is referred to in clause (a) or such reconnection as is r

CUSTOMS TARIFF (AMENDMENT) ACT, 2003 Chapter LXXXXVII

Title: WORKS OF ART, COLLECTORS' PIECES AND ANTIQUES

State: Central

Year: 2003

..... PAINTINGS, DRAWINGS AND PASTELS, EXECUTED ENTIRELY BY HAND, OTHER THAN DRAWINGS OF HEADING 4906 AND OTHER THAN HAND-PAINTED OR HAND-DECORATED MANUFACTURED ARTICLES; COLLAGES AND SIMILAR DECORATIVE PLAQUES 9701 10 Paintings, drawings and pastels : 9701 10 10 --- Madhubani paintings (on textiles) u 30% - 9701 10 20 ---Kalamkari paintings (on textiles) u 30% - 9701 10 30 ---Rajasthani paintings (on textiles) u 30% - 9701 10 90 ---Other u 30% - 9701 90 - Other : 9701 90 91 ---- Domestic articles of wood (hand decorated ) kg. 30% - 9701 90 92 ----- Restaurant decoration of plastics kg. 30% - 9701 90 99 ---- Other kg. 30% - 9702 00 00 ORIGINAL ENGRAVINGS, PRINTS AND LITHOGRAPHS u 30% - 9703 ORIGINAL SCULPTURES AND STATUARY, IN ANY MATERIAL 9703 00 - Original sculptures and.....

Electricity Act, 2003 Section 140

Title: Penalty for Intentionally Injuring Works

State: Central

Year: 2003

1 [Section 140 - Penalty for intentionally injuring works Whoever, with intent to cut off the supply of electricity, cuts or injures, or attempts to cut or injure, any electric supply line or works, shall be punishable with fine which may extend to ten thousand rupees.] ____________________________ 1. Substituted by Electricity (Amendment) Act, 2003 (57 of 2003), w.e.f. 27-1-2004 vide SO 119(E), dt. 27-1-2004.

Electricity Act, 2003 Section 139

Title: Negligently Breaking or Damaging Works

State: Central

Year: 2003

1 [139. Negligently breaking or damaging works Whoever, negligently breaks, injures, throws down or damages any material connected with the supply of electricity, shall be punishable with fine which may extend to ten thousand rupees.] _________________ 1.Substituted by Electricity (Amendment) Act, 2003 (57 of 2003), w.e.f.27-1-2004 vide SO 119(E), dt. 27-1-2004.