Bare Act Search Results

Finance Act, 2010 Chapter III

Title: Direct Taxes

State: Central

Year: 2010

.....lakh rupees", the words "fifteen lakh rupees" shall be substituted. Section 15 - Amendment of section 44AD In section 44AD of the Income-tax Act [as amended by section 20 of the Finance (No. 2) Act, 2009(33 of 2009)], in the Explanation, in clause (b), in sub-clause (ii), for the words "forty lakh rupees", the words "sixty lakh rupees" shall be substituted with effect from the 1st day of April, 2011. Section 16 - Amendment of section 44BB In section 44BB of the Income-tax Act, in the proviso to sub-section (1), after the words, figures and letter "section 44D or", the words, figures and letters "section 44DA or" shall be inserted with effect from the 1st day of April, 2011. Section 17 - Amendment of section 44DA In section 44DA of the Income-tax Act, in sub-section (1), after the proviso, the following proviso shall be inserted with effect from the 1st day of April, 2011, namely:-- "Provided further that the provisions of section 44BB shall not apply in respect of the income referred to in this section.". Section 18 - Amendment of section 47 In section 47 of the Income-tax Act, after clause (xiiia), the following shall be inserted with effect from the 1st.....

Finance Act, 2010 Section 21

Title: Amendment of Section 56

State: Central

Year: 2010

In section 56 of the Income-tax Act, in sub-section (2),-- (a) in clause (vii),-- (i) for sub-clause (b), the following sub-clause shall be substituted and shall be deemed to have been substituted with effect from the 1st day of October, 2009, namely:-- "(b) any immovable property, without consideration, the stamp duty value of which exceeds fifty thousand rupees, the stamp duty value of such property;"; (ii) in the Explanation, in clause (d),-- (A) in the opening portion, for the word "means--", the words "means the following capital asset of the assessee, namely:--" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of October, 2009; (B) in sub-clause (vii), the word "or" shall be omitted with effect from the 1st day of June, 2010; (C) in sub-clause (viii), the word "or" shall be inserted at the end with effect from the 1st day of June, 2010; (D) after sub-clause (viii), the following sub-clause shall be inserted with effect from the 1st day of June, 2010, namely:-- "(ix) bullion;"; (b) after clause (vii), the following shall be inserted with effect from the 1st day of June, 2010, namely:-- '(viia) where a firm.....

The Foreign Contribution (Regulation) Act, 2010 No. 42 of 2010[26th September, 2010.] Complete Act

Title: The Foreign Contribution (Regulation) Act, 2010 No. 42 of 2010[26th September, 2010.]

State: Central

Year: 2010

.....it in this behalf;(ii) of any currency, whether Indian or foreign;(iii) of any security as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 and includes any foreign security as defined in clause (o) of section 2 of` the Foreign Exchange Management Act, 1999.Explanation 1.- A donation, delivery or transfer of any article, currency or foreign security referred to in this clause by any person who has received it from any foreign source, either directly or through one or more persons, shall also be deemed to be foreign contribution within the meaning of this clause.Explanation 2.- The interest accrued on the foreign contribution deposited in any bank referred to in sub-section (1) of section 17 or any other income derived from the foreign contribution or interest thereon shall also be deemed to be foreign contribution within the meaning of this clause.Explanation 3.- Any amount received, by any person from any foreign source in India, by way of fee (including fees charged by an educational institution in India from foreign student) or towards cost in lieu of goods or services rendered by such person in the ordinary course of his business, trade or.....

Foreign Contribution (Regulation) Act, 2010 Complete Act

State: Central

Year: 2010

.....it in this behalf; (ii) of any currency, whether Indian or foreign; (iii) of any security as defined in clause (h) of Sec. 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and includes any foreign security as defined in clause (o) of Sec. 2 of the Foreign Exchange Management Act, 1999 (42 of 1999). Explanation 1.-A donation, delivery or transfer of any article, currency or foreign security referred to in this clause by any person who has received it from any foreign source, either directly or through one or more persons, shall also be deemed to be foreign contribution within the meaning of this clause. Explanation 2.-The interest accrued on the foreign contribution deposited in any bank referred to in sub-sec. (1) of Sec. 17 or any other income derived from the foreign contribution or interest thereon shall also be deemed to be foreign contribution within the meaning of this clause. Explanation 3.- Any amount received, by any person from any foreign source in India, by way of fee (including fees charged by an educational institution in India from foreign student) or towards cost in lieu of goods or services rendered by such person in the ordinary course of his.....

The Foreign Trade (Development and Regulation) Amendment Act, 2010 No. 25 of 2010[19th August, 2010.] Complete Act

Title: The Foreign Trade (Development and Regulation) Amendment Act, 2010 No. 25 of 2010[19th August, 2010.]

State: Central

Year: 2010

.....the same meaning as assigned to it in clause (i) of section 4 of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005.'. 3. Amendment of title of Chapter II. - In the principal Act, in sub-heading below "Chapter II", for the words "EXPORT AND IMPORT POLICY", the words "FOREIGN TRADE POLICY" shall be substituted. 4. Amendment of section 3. - In section 3 of the principal Act,-(a) in sub-section (2),-(i) for the words "import or export of goods", the words "import or export of goods or services or technology" shall be substituted;(ii) after sub-section (2), the following proviso shall be inserted, namely:-"Provided that the provisions of this sub-section shall be applicable, in case of import or export of services or technology, only when the service or technology provider is availing benefits under the foreign trade policy or is dealing with specified services or specified technologies.".(b) after sub-section (3), the following sub-section shall be inserted, namely:-"(4) without prejudice to anything contained in any other law, rule, regulation, notification or order, no permit or licence shall be necessary for import or export.....

Finance Act, 2010 Section 33

Title: Amendment of Section 142a

State: Central

Year: 2010

In section 142A of the Income-tax Act, in sub-section (1), for the words, figures and letter "section 69B is required to be made", the words, figures, letter and brackets "section 69B or fair market value of any property referred to in sub-section (2) of section 56 is required to be made" shall be substituted with effect from the 1st day of July, 2010.

Tamil Nadu Value Added Tax (Special Provision) Act, 2010 Complete Act

State: Tamil Nadu

Year: 2010

.....This Act may be called the Tamil Nadu Value Added Tax (Special Provision) Act, 2010. 2. Section 2 of Tamil Nadu Act 22 of 2010 deemed to have come into force on the 1st day of January 2007." Notwithstanding anything contained in sub-section (2) of Section 1 of the Tamil Nadu Value Added Tax (Second Amendment) Act, 2010 (Tamil Nadu Act 22 of 2010)(hereinafter referred to as the 2010 Act) and in the Notification of the State Government in the Commercial Taxes and Registration Department No.II(2)/CTR/ 527(b)/2010, published at page I in Part II-Section 2 of the Tamil Nadu Government Gazette Extraordinary, dated the 19th day of August 2010, Section 2 of the 2010 Act shall be deemed to have come into force on the 1st day of January 2007. 3. Repeal and saving." (1) The Tamil Nadu Value Added Tax (Special Provision) Ordinance, 2010 (See 2010 (2)CTAR page 1.141) (Tamil Nadu Ordinance 7 of 2010) is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under this Act. Tamil Nadu State Acts

The Uttarakhand Value Added Tax (Amendment) Act, 2010 Complete Act

State: Uttarakhand

Year: 2010

THE UTTARAKHAND VALUE ADDED TAX (AMENDMENT) ACT, 2010 THE UTTARAKHAND VALUE ADDED TAX (AMENDMENT) ACT, 2010 [Act No. 25 of 2010] [ 04th October, 2010] PREAMBLE Further to amend The Uttarakhand Value Added Tax Act, 2005 Be it enacted by the Uttarakhand Legislative Assembly in the Sixty first year of the Republic of India, as follows:- Section 1 - Short title and commencement (1) This Act may be called The Uttarakhand Value Added Tax Act, 2005 Amendment) Act, 2010. (2) It shall come into force with immediate effect. Section 2 - Amendment of Section 15 In the Uttarakhand Value Added Tax Act, 2005, (hereinafter referred to as the Principal Act) after the existing sub-section (5) of Section 15, the following a new proviso shall be added; namely- "Provided that an application for registration without furnishing the prescribed details shall not be accepted." Section 3 - Amendment of Section 17 (1) In Section 17 of the Principal Act- (a) the words "subject to the provisions of sub-section (5) of Section 15" shall be added in the beginning of sub-section (6); (b) Sub-clause (iii) of clause (a) of sub-section (7), for the words "including penalty or interest", occurring therein,.....

Delhi Value Added Tax (Amendment) Act, 2010 Complete Act

State: Delhi

Year: 2010

.....3 - Amendment of Section 36A In the Principal A in Section 36A- (i) To sub-section (1), the following proviso shall added, namely: - "Provided that the rate of deduction of tax (shall be 4% in case of contractors not register under this Act."; (ii) To sub-section (IA), the following provision shall be inserted, namely:- "Provided that the rate of deduction of tax (TDS) shall be 4% in case of sub-contractors not registered under this Act.". Section 4 - Amendment of Section 81 In the Principal Act. in Section 81, in sub-section (2), to clause (a), the following provision shall be added, namely:- "Provided that the High Court may entertain an appeal after the expiry of the period of sixty days, if it is satisfied that there was sufficient cause for no filing it within that period.' Delhi State Acts

Tamil Nadu Value Added Tax (Second Amendment) Act, 2010 Complete Act

State: Tamil Nadu

Year: 2010

.....to amend the Tamil Nadu Value Added Tax Act, 2006. Be it enacted by the Legislative Assembly of the State of Tamil Nadu in the Sixty-first Year of the Republic of India as follows:" 1. Short title and Commencement. " (1) This Act may be called the Tamil Nadu Value Added Tax (Second Amendment) Act, 2010. (2) It shall come into force on such date as the State Government may, by notification, appoint. 2. Amendment of Section 19. " In Section 19 of the Tamil Nadu Value Added Tax Act, 2006 (Tamil Nadu Act 32 of 2006), after sub-section (19), the following sub-section shall be added, namely:" "(20) Notwithstanding anything contained in this Section, where any registered dealer has sold goods at a price lesser than the price of the goods purchased by him, the amount of the input tax credit over and above the output tax of those goods shall be reversed.". Tamil Nadu State Acts