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Home Bare Acts Phrase: methodIncome Tax Act, 1961 Section 145A
Title: Method of Accounting in Certain Cases
State: Central
Year: 1961
.....or on enhanced compensation, as the case may be, shall be deemed to be the income of the year in which it is received.] ________________________ 1. Substituted by the Finance (No. 2) Act, 2009, w.e.f. 1st April, 2010 for the following : - "145A. 2[Method of accounting in certain cases.- Notwithstanding anything to the contrary contained in section 145, the valuation of purchase and sale of goods and inventory for the purposes of determining the income chargeable under the head "Profits and gains of business or profession" shall be- (a) in accordance with the method of accounting regularly employed by the assessee; and (b) further adjusted to include the amount of any tax, duty, cess or fee (by whatever name called) actually paid or incurred by the assessee to bring the goods to the place of its location and condition as on the date of valuation. Explanation.- For the purposes of this section, any tax, duty, cess or fee (by whatever name called) under any law for the time being in force, shall include all such payment notwithstanding any right arising as a consequence to such payment.]"
View Complete Act List Judgments citing this sectionAgricultural Income-tax Act, 1957 Section 7
Title: Method of Accounting
State: Karnataka
Year: 1957
Agricultural income shall be computed for the purpose of sections 5 and 6 in accordance with the method of accounting regularly employed by the assessee: Provided that, if no method of accounting has been regularly employed by the assessee, or if the method employed is such that, in the opinion of the1[Assistant Commissioner of Agricultural Income-tax], the agricultural income cannot properly be deduced therefrom, then the computation shall be made upon such basis and in such manner as he may determine: Provided further that in the case of coffee crop of an assessee, the agricultural income therefrom may be computed on the basis of valuation on points declared by the Indian Coffee Board in respect of such crop. ________________________ 1. Substitued by Act 5 of 1993 w.e.f. 9.11.1992
View Complete Act List Judgments citing this sectionCantonments Act, 1924 Section 259
Title: Method of Recovery
State: Central
Year: 1924
.....including rent on land and buildings due under leases or licences executed by or in favour of a Board or the Defence Estates Officer,] under this Act or the rules made thereunder] may be recovered together with the cost of recovery either by suit or, on application to a4[Judicial Magistrate] having jurisdiction in the cantonment or in any place where the person from whom such5[tax, rent or money] is recoverable may for the time being be residing,6[either by the distress and sale of movable property of such person, or by the attachment and sale of immovable property of that person, which is within the limits of the jurisdiction of such Judicial Magistrate, or by both these methods], and shall, if payable by the owner of any property as such, be a charge on the property until paid : Provided that the too is of artisans,7[growing crops up to the value of five hundred rupees and implements and cattle used for the purposes of agriculture] shall be exempt from such distress or sale. (2) An application to a4[Judicial Magistrate] under sub-section (1) shall be in writing and shall be signed by the President or Vice- President of the Board or by the Executive Officer7[or the.....
View Complete Act List Judgments citing this sectionInformation Technology Act, 2000 Section 84A
Title: Modes or Methods for Encryption
State: Central
Year: 2000
1[[84A. Modes or methods for encryption.- The Central Government may, for secure use of the electronic medium and for promotion of e-governance and e-commerce, prescribe the modes or methods for encryption. _________________ 1. Inserted vide Information Technology (Amendment) Act, 2008.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 145
Title: Method of Accounting
State: Central
Year: 1961
(1) Income chargeable under the head Profits and gains of business or profession or Income from other sources shall, subject to the provisions of sub-section (2), be computed in accordance with either cash or mercantile system of accounting regularly employed by the assessee. (2) The Central Government may notify in the Official Gazette from time to time accounting standards to be followed by any class of assessees or in respect of any class of income. (3) Where the Assessing Officer is not satisfied about the correctness or completeness of the accounts of the assessee, or where the method of accounting provided in sub-section (1) or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee, the Assessing Officer may make an assessment in the manner provided in section 144.
View Complete Act List Judgments citing this sectionCantonments Act, 2006 Section 324
Title: Method of Recovery
State: Central
Year: 2006
.....and buildings due or damages and fine due under leases or licences executed by or in favour of a Board or the Defence Estates Officer under this Act or the rules made thereunder may be recovered together with the cost of recovery either by suit or on application to a Judicial Magistrate having jurisdiction in the cantonment or in any place where the person from whom such tax, rent or money is recoverable may for the time being be residing, either by the distress and sale of movable property of such person, or by the attachment and sale of immovable property of that person, which is within the limits of the jurisdiction of such Judicial Magistrate, or by both these methods, and shall, if payable by the owner of any property as such, be a charge on the property until paid: Provided that the tools of artisans, growing crops upto the value of five thousand rupees and implements and cattle used for the purposes of agriculture shall be exempt from such distress or sale. (2) An application to a Judicial Magistrate under sub-section (1) shall be in writing and shall be signed by the President or Vice-President of the Board or by the Chief Executive Officer or the Defence Estates.....
View Complete Act List Judgments citing this sectionKarnataka Panchayat Raj Act, 1993 Section 130
Title: Method of Voting and Procedure for Election
State: Karnataka
Year: 1993
Section 130 - Method of voting and procedure for election (1) Every elector shall have as many votes as there are members to be elected. No elector shall give more than one vote to any one candidate. (2) Subject to the provisions of this Act, elections to the Taluk Panchayat shall be held by ballot in accordance with such rules as may be prescribed. (3) The provisions of sections 26, 27, 28, 29, 30, 31,1[31A, 31B], 32, 33, 34, 35, 36, 37, 38, 39, and 40 shall apply in respect of elections to Taluk Panchayat as they apply to elections to Grama Panchayats. ________________________ 1. Inserted by Act 29 of 1997 w.e.f. 20.10.1997.
View Complete Act List Judgments citing this sectionKarnataka Panchayat Raj Act, 1993 Section 169
Title: Method of Voting and Procedure for Election
State: Karnataka
Year: 1993
Section 169 - Method of voting and procedure for election (1) Every elector shall have as many votes as there are members to be elected. No elector shall give more than one vote to any one candidate. (2) Subject to the provisions of this Act, election to the Zilla Panchayat shall be held by ballot in accordance with such rules as may be prescribed. (3) The provisions of sections 26, 27, 28, 29, 30, 31,1[31A, 31B], 32, 33, 34, 35, 36, 37, 38, 39, and 40 shall apply in respect of elections to Zilla Panchayat as they apply to elections to Grama Panchayats. ______________________ 1. Inserted by Act 29 of 1997 w.e.f. 20.10.1997.
View Complete Act List Judgments citing this sectionKarnataka Municipalities Act, 1964 Section 101
Title: Method of Assessment of Tax on Buildings and Lands
State: Karnataka
Year: 1964
101. Method of assessment of Tax on buildings and lands.-- (1) Every building shall be assessed together with its site and other adjacent premises occupied as appurtenances thereto unless the owner of the building is a different person from the owner of the site or premises. (2) The annual rateable value of a building shall be the gross annual rentas defined in clause (1) of section 2, less a deduction of sixteen and two-thirds per cent of such annual rent, and the said deduction shall be in lieu of all allowances for repairs or on any other account whatsoever.
View Complete Act List Judgments citing this sectionBombay Bhil Naik Inams Abolition Act, 1955, (Maharashtra) Section 7
Title: Method of Compensation for Abolition, Etc. of Other Rights in Land
State: Maharashtra
Year: 1955
.....inquiry in the manner provided by the Code, make an award determining the compensation in the manner and according to the method provided for in sub-section (1) of section 23 and section 24 of the Land Acquisition Act, 1894. 1[(2-A) (i) Where the officer making an award under sub-section (2) is a Collector under this Act but not a Collector appointed under section 8 of the Code and the amount of such award exceeds five thousand rupees, then the award shall not be made without the previous approval of - (a) the Collector appointed under section 8 of the Code, if the amount of the award does not exceed twenty-five thousand rupees, or (b) the Commissioner, if the amount of the award exceeds twenty-five thousand rupees but does not exceed one lakh of rupees, or (c) the State Government, if the amount of the award exceeds one lakh of rupees. (ii) Where the officer making an award under sub-section (2) is a Collector under this Act and also a Collector appointed under section 8 of the Code, and the amount of such award exceeds twenty-five thousand rupees, then such award shall not be made without the previous approval of - (a) the Commissioner, if the amount of the award.....
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