Bare Act Search Results

Finance Act, 1992 Section 64

Title: Substitution of Sub-heading in Chapter Xv

State: Central

Year: 1992

In Chapter XV of the Income-tax Act, for the sub-heading "DD. - Association of persons and body of individuals", the following shall be substituted, with effect from the 1st day of April, 1993, namely :- "DD. - Firms, association of persons and body of individuals 167A. Charge of tax in the case of a firm. - In the case of a firm which is assessable as a firm, tax shall be charged on its total income at the maximum marginal rate.".

Finance Act, 1992 Complete Act

State: Central

Year: 1992

.....Be it enacted by Parliament in the Forty-third Year of the Republic of India as follows :--- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The Finance Act. 1992. (2) Save as otherwise provided in this Act Sections 2-to108,116and117[except sections61.109. sub-section (1) of section 110andsections 112and113shall be deemed to have come into force on the 1st day of April, 1992. 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. 1992, 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 under section 88 of the Income-tax Act. 1961(hereinafter referred to as the Income-tax Act) shall be increased. (a) in the cases to which Paragraphs A. B. C and D of that Part apply, by a surcharge for purposes of the union: and (b) in the cases to which Paragraphs A, B. E of that Part applies, by a surcharge, calculated in each case in the manner provided therein. (2) In the cases to which Sub-Paragraph I or Sub-Paragraph II of Paragraph A of Part I of the First Schedule applies, where the.....

Central Agricultural University Act, 1992 Schedule 1

Title: Schedule I

State: Central

Year: 1992

.....region to be nominated by chancellor-Chancellor by rotation in the alphabetical order of those States; (ix) an industrialist or a manufacturer having special knowledge in agricultural development to be nominated by the Visitor; (x) one woman social workers representing women social organisation in the North-Eastern region; (xi) an Advisor (Agriculture), Planning Commission; (xii) a distinguished authority on forestry, social forestry or environment management to be nominated by the Visitor; (xiii) three persons not below the rank of Joint Secretary representing respectively the Department of the Central Government dealing with Agriculture, Animal husbandry and Forestry; and (xiv) the Registrar of the University, Secretary. (2) The term of office of the members of the Board, other than ex-officio members, shall be two years. (3) The Board shall have the power of management and administration of the revenue and property of the University and the conduct of all administrative affairs of the University not otherwise provided for. (4) Subject to the provisions of this Act, the Statutes and the Ordinances, the Board shall, in addition to all other powers.....

Central Agricultural University Act, 1992 Complete Act

State: Central

Year: 1992

.....to take or has been taken by it upon the results of such inspection or inquiry. (8) Where the Board does not, within a reasonable time, take action to the satisfaction of the Visitor, the Visitor may, after considering any explanation furnished or representation made by the Board, issue such directions as he may think fit and the Board shall be bound to comply with such directions. (9) Without prejudice to the foregoing provisions of this section, the Visitor may, by an order in writing, annul any proceeding of the University which is not in conformity with this Act, the Statutes or the Ordinances: Provided that before making any such order, he shall call upon the University to show cause why such an order should not be made and, if any cause is shown within a reasonable time, he shall consider the same. (10) The Visitor shall have such other powers as may be specified by the Statutes. SECTION 09: OFFICERS OF THE UNIVERSITY -The following shall be the officers of the Univer - sity, namely:- (1) the Chancellor; (2) the Vice-Chancellor; (3) Deans; (4) Directors; (5) the Registrar; (6) the Comptroller; and (7) such other officers as may be prescribed by the.....

Finance Act, 1992 Chapter III

Title: Direct Taxes Income-tax

State: Central

Year: 1992

.....section 3 of the Companies Act, 1956 (1 of 1956); (c) "Government company" shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956).'. Section 15 - Amendment Of Section 37 In section 37 of the Income-tax Act, for sub-sections (2) and (2A), the following sub-section shall be substituted with effect from the 1st day of April, 1993, namely :- '(2) Notwithstanding anything contained in sub-section (1), any expenditure in the nature of entertainment expenditure incurred by any assessee during any previous year commencing on the 1st day of April, 1992 shall be allowed as follows :- (a) where the amount of such expenditure does not exceed ten thousand rupees, the whole of such amount; (b) in any other case, ten thousand rupees as increased by a sum equal to fifty per cent. of such expenditure in excess of ten thousand rupees. Explanation : For the purposes of this sub-section, "entertainment expenditure" includes - (i) the amount of any allowance in the nature of entertainment allowance paid by the assessee to any employee or other person; (ii) the amount of any expenditure in the nature of entertainment expenditure [not being.....

Indo Tibetan Border Police Force Act, 1992 Complete Act

State: Central

Year: 1992

....."enemy" includes all armed mutineers, armed rebels, armed rioters, pirates and any person in arms against whom it is the duty person subject to this Act to take action; (j) "enrolled person" means an under-officer or other person enrolled under this Act; (k) "Force" means the Indo-Tibetan Border Police Force; (1) "Force Court" means a Court referred to in section 76-; (m) "Force custody" means the arrest or confinement of a member of the Force according to rules; (n) "Inspector-General" means the Inspector-General of the Force appointed under section 5-; (o) "Judge Attorney-General", "Additional Judge Attorney-General", "Deputy Judge Attorney-General" and "Judge Attorney" mean respectively the Judge Attorney- General, an Additional Judge Attorney -General, a Deputy Judge Attorney-General and a Judge Attorney of the Force appointed in the appropriate rank by the Central Government; (p) "member of the Force" means an officer, a subordinate officer, an under-officer or other enrolled person; (q) "notification" means a notification published in the Official Gazette; (r) "offence" means any act or omission punishable under this Act and includes a civil offence; (s) "officer" means a.....

State Open University Act, 1992 Schedule 2

Title: The Second Schedule

State: Karnataka

Year: 1992

.....of recognised institutions shall have the authority to exercise all such disciplinary powers over the students in their respective institutions as may be necessary for proper conduct of such institutions. (Section 3 of Karnataka Act 16 of 2003) 3. Validation of certain actions etc. Notwithstanding anything contained in the principal Act, anything done, any action taken or any proceeding held (including any appointment or delegation made or order, instrument or direction issued) by the University or any authority, officer or employee of the University with effect from the First day of June 1996 under the statutes, ordinances, regulations or rules of the Mysore University which are deemed to be, the statutes, ordinances or regulations of the University under section 42 of the principal Act and have continued as such, shall be deemed to be as valid and effective as if the provisions of section 42 of the principal Act as inserted by this Act and the statutes, ordinances or regulations continued under that section were in force at all relevant times when such thing, action or proceeding was done, taken or held.

Finance Act, 1992 Section 37

Title: Amendment of Section 71

State: Central

Year: 1992

In section 71 of the Income-tax Act, after sub-section (3), the following sub-section shall be inserted, with effect from the 1st day of April, 1993, namely :- '(4) Notwithstanding anything contained in sub-sections (1) and (2), where in respect of any assessment year the net result of the computation, in relation to any property [other than the property referred to in sub-clause (i) of clause (a) of sub-section (2) of section 23], under the head "Income from house property" is a loss and the assessee has income assessable under any other head of income, the assessee shall not be entitled to have such loss set off against income under the other head.'.

Finance Act, 1992 Section 38

Title: Insertion of New Section 71a

State: Central

Year: 1992

After section 71 of the Income-tax Act, the following section shall be inserted, with effect from the 1st day of April, 1993, namely :- '71A. Carry forward of losses under the head "Income from house property". - Where in respect of any assessment year, the net result of the computation under the head "Income from house property" is a loss, the loss in so far as it relates to interest on borrowed capital referred to in clause (vi) of sub-section (1) of section 24 shall be carried forward by the assessee to the following assessment year or years and set off against the income under that head.'.

Finance Act, 1992 Section 58

Title: Insertion of New Chapter Xii-c

State: Central

Year: 1992

.....of any kind and other services of a similar nature. 115L. Return for income not to be filed in certain cases. - Subject to the provisions of section 115N, a person who has submitted a statement under sub-section (1) of section 115K shall not be required to furnish a return of income under sub-section (1) of section 139 and the other provisions of Chapter XIV will not apply in his case. 115M. Special provision for disallowance of deductions and rebate of income-tax. - No deduction under Chapter VI-A (except section 80L) or rebate of income-tax under Chapter VIII shall be allowed in the case of a person who has submitted a statement under sub-section (1) of section 115K. 115N. Bar of proceedings in certain cases. - No proceeding under any other Chapter of this Act shall be initiated against any person who has submitted a statement under sub-section (1) of section 115K in respect of his income from retail trade for the relevant assessment year unless the Deputy Commissioner, in consequence of evidence in his possession, has reason to believe that the statement furnished by any person under section 115K is nature.'