Bare Act Search Results

Income Tax Act, 1961 Chapter X

Title: Special Provisions Relating to Avoidance of Tax

State: Central

Year: 1961

.....mean of such prices: Provided further that if the variation between the arms length price so determined and price at which the international transaction has actually been undertaken does not exceed five per cent. of the latter, the price at which the international transaction has actually been undertaken shall be deemed to be the arms length price.] (3) Where during the course of any proceeding for the assessment of income, the Assessing Officer is, on the basis of material or information or document in his possession, of the opinion that (a) the price charged or paid in an international transaction has not been determined in accordance with sub-sections (1) and (2) ; or (b) any information and document relating to an international transac­tion have not been kept and maintained by the assessee in accordance with the provisions contained in sub-section (1) of section 92D and the rules made in this behalf ; or (c) the information or data used in computation of the arms length price is not reliable or correct ; or (d) the assessee has failed to furnish, within the specified time, any information or document which he was required to furnish by a notice issued under.....

Income Tax Act, 1961 Section 92C

Title: Computation of Arms Length Price.

State: Central

Year: 1961

.....to the nature of transaction or class of transaction or class of associated persons or functions performed by such persons or such other relevant factors as the Board may prescribe2, namely : (a) comparable uncontrolled price method ; (b) resale price method ; (c) cost plus method ; (d) profit split method ; (e) transactional net margin method ; (f) such other method as may be prescribed3 by the Board. (2) The most appropriate method referred to in sub-section (1) shall be applied, for determination of arms length price, in the manner as may be prescribed4: 5[Provided that where more than one price is determined by the most appropriate method, the arms length price shall be taken to be the arithmetical mean of such prices: Provided further that if the variation between the arms length price so determined and price at which the international transaction has actually been undertaken does not exceed five per cent. of the latter, the price at which the international transaction has actually been undertaken shall be deemed to be the arms length price.] (3) Where during the course of any proceeding for the assessment of income, the Assessing Officer is, on the.....

Advocate Act, 1961 Chapter II

Title: Bar Council

State: Central

Year: 1961

.....of Name Adaptation of Laws on UnionSubjects Order, 1974. 5. Substitutedby Act 69 of 1986, section 19, for clause (6) as earlier amended byAct 81 of 1971, section 34 and Act 34 of 1986, section 16. 5a. Substitutedby Act 34 of 1973, section 12. 6. Insertedby Act 26 of 1968, section 3 and Schedule. 7. Substituedby the Madras State (Alteration of Name) (Adaptation of Laws on UnionSubjects) order, 1970, for the words "State of Madras". 8. Substitutedby act 18 of 1987, section 21, for clause (ccc) as initially insertedby Regulation 8 of 1963, section 12 and relettered by Act 26 of 1968,section 3 and Schedule and subsequently amended by Act 60 of 1973,section 4. 9. Substituedby Act 53 of 1970, section 24, for clause (d). 10. Substitutedby Act 81 of 1971, section 34, for "Union Territories ofTripura and the Andaman and Nicobar Islands". 11. Insertedby Act 60 of 1973, section 4. 12. Substitutedby Act 60 of 1973, section 4. 13. Insertedby Act 21 of 1964, section. 2. 14. Substitutedby Act 38 of 1977, section 2, for clause (3) as Inserted by Act 107of 1976, section 3. 15. Insertedby Act 21 of 1964, section 2. 16. Sub-clause(6) inserted by Act 60 of 1973,.....

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.....

Advocate Act, 1961 Section 8A

Title: Constitution of Special Committee in the Absence of Election

State: Central

Year: 1961

.....of such expiry, constitute a Special Committee consisting of (i) the ex officio member of the State Bar Council referred to in clause (a) of sub-section (2) of section 3 to be the Chairman: Provided that where there are more than one ex officio members, the senior-most amongst them shall be the Chairman; and (ii) two members to be nominated by the Bar Council of India from amongst advocates on the electoral roll of the State Bar Council, to discharge the functions of the State Bar Council until the Bar Council is constituted under this Act. (2) On the constitution of the Special Committee and until the State Bar Council is constituted (a) all properties and assets vesting in the State Bar Council shall vest in the Special Committee; (b) all rights, liabilities and obligations of the State Bar Council, whether arising out of any contract or otherwise, shall be the rights, liabilities and obligations of the Special Committee; (c) all proceedings pending before the State Bar Council in respect of any disciplinary matter or otherwise shall stand transferred to the Special Committee. (3) The Special Committee constituted under sub-section (1) shall, in accordance.....

Advocate Act, 1961 Section 9

Title: Disciplinary Committees

State: Central

Year: 1961

(1) A Bar Council shall constitute one or more disciplinary committees, each of which shall consist of three persons of whom two shall be persons elected by the council from amongst its members and the other shall be a person co-opted by the Council from amongst advocates who possess the qualifications specified in the proviso to sub-section (2) of Section 3 and who are not members of the Council, and the senior-most advocate amongst the members of a disciplinary committee shall be the Chairman thereof. (2) Notwithstanding anything contained in sub-section (1), any disciplinary committee constituted prior to the commencement of the Advocates (Amendment) Act, 1964,(21 of 1964) may dispose of the proceeding pending before it as if this section had not been amended by the said Act.

Two-member Constituencies (Abolition) Act, 1961 [Repealed] Section 6

Title: Special Provision for Gujarat; Amendment of Section 19 0f Act 11 of 1960

State: Central

Year: 1961

In section 19 of the Bombay Reorganisation Act, 1960,- (a) in sub-section (2), for clause (b), the following clause shall be substituted, namely:- "(b) the assembly constituencies into which the State shall be divided, the extent of each of such constituencies and in which of them seats shall be reserved for the scheduled castes or for the scheduled tribes; and"; (b) for sub-section (3), the following sub-section shall be substituted, namely:- "(3) In determining the matters referred to in clauses (b) and (c) of sub-section (2), the Election Commission shall have regard to the following provisions, namely:- (a) all the constituencies shall be single-member constituencies; (b) all the constituencies shall, as far as practicable, be geographically compact areas and in delimiting them regard shall be had to physical features, existing boundaries of administrative units, facilities of communication and public convenience; and (c) constituencies in which seats are reserved either for the scheduled castes or for the scheduled tribes shall, as far as practicable, be located in the areas in which the population of the scheduled castes or , as the case may be, of the.....

Apprentices Act, 1961 Section 9

Title: Practical and Basic Training of Apprentices

State: Central

Year: 1961

.....sub-section (3) (w.e.f. 1-12-1974). 4. Substituted by Act 27 of 1973, section 10, for "the apprentices" (w.e.f. 1-12-1974). 5. Inserted by Act 27 of 1973, section 10 (w.e.f. 1-12-1974). 6. Substituted by Act 27 of 1973, section 10, for "The syllabus of (w.e.f. 1-12-1974). 7. Inserted by Act 41 of 1986, section 3 (w.e.f. 16-12-1987). 8. Substituted by Act 27 of 1973, section 10, for "practical training imparted to apprentices other than those referred to in clause (a)". 9. Substituted by Act 4 of 1997, section 5, for "practical training, including basic training," (w.e.f. 8-1-1997). 10. Substituted by Act 4 of 1997, section 5, for "five hundred" (w.e.f. 8-1-1997). 11. Substituted by Act 27 of 1973, section 10, for "practical training imparted to apprentices referred to in clause (a)" (w.e.f. 1-12-1974).

Apprentices Act, 1961 Chapter 2

Title: Apprentices and their Training

State: Central

Year: 1961

.....of the Other Backward Classes in the State concerned.] _____________________________________ 1. Inserted by the Apprentices (Amendment) Act, 2007 [Act No. 36 of 2007]. Section 4 - Contract of apprenticeship 1[4. Contract of apprenticeship (1) No person shall be engaged as an apprentice to undergo apprenticeship training in a designated trade unless such person or, if he is a minor, his guardian has entered into a contract of apprenticeship with the employer. (2) The apprenticeship training shall be deemed to have commenced on the date on which the contract of apprenticeship has been entered into under sub-section (1). (3) Every contract of apprenticeship may contain such terms and conditions as may be agreed to by the parties to the contract: Provided that no such term or condition shall be inconsistent with any provision of this Act or any rule made thereunder. (4) Every contract of apprenticeship entered into under sub-section (1) shall be sent by the employer within such period as may be prescribed to the Apprenticeship Adviser for registration. (5) The Apprenticeship Adviser shall not register a contract of apprenticeship unless he is satisfied that.....

Advocates Act, 1961 Complete Act

State: Central

Year: 1961

.....Bill seeks to achieve these objectives.- S.O.R. -Gaz. of Ind., 13-8-1962, Pt. II, S. 2, Ext., p.641. Act 21 of 1964.- The working of the Advocates Act, enacted in May, 1961, has revealed certain practical difficulties and representations in this behalf have been received from various State Bar Councils and other associations. The Bar Council of India has also suggested certain amendments to the Act. Difficulties were being experienced mainly in regard to the functioning of the Bar Councils and the Committees thereof and also in regard to the enrolment as advocates of certain classes of persons who may not fall strictly within the scope ofsections 17and24of the Act. It is considered necessary that the Act should be suitably amended for removing such difficulties and for facilitating the implementation of its provisions. 2. The Act provides for the general supervision and control of the Bar Council of India over all State Bar Councils in order that they may, in the exercise of their powers, follow a uniform all-India policy. The powers given to the Bar Council of India in this behalf are, however, inadequate and it is considered necessary to enlarge its powers. It is therefore.....