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 V

Title: Service Tax

State: Central

Year: 2003

.....by any motor vehicle manufacturer, to carry out any service or repair of any motor car, light motor vehicle or two wheeled motor vehicle manufactured by such manufacturer; (10) "banking" has the meaning assigned to it in clause (b) of section 5 of the Banking Regulation Act, 1949(10 of 1949); (11) "banking company" has the meaning assigned to it in clause (a) of section 45A of the Reserve Bank of India Act, 1934(2 of 1934); (12) "banking and other financial service" means-- (a) the following services provided by a banking company or a financial institution including a non-banking financial company or any other body corporate, namely:- (i) financial leasing services including equipment leasing and hire-purchase by a body corporate; (ii) credit card services; (iii) merchant banking services; (iv) securities and foreign exchange (forex) broking; (v) asset management including portfolio management, all forms of fund management, pension fund management, custodial, depository and trust services, but does not include cash management; (vi) advisory and other auxiliary financial services including investment and portfolio research and advice, advice on mergers.....

Finance Act, 2003 Section 159

Title: Amendment of Act 32 of 1994

State: Central

Year: 2003

.....by any motor vehicle manufacturer, to carry out any service or repair of any motor car, light motor vehicle or two wheeled motor vehicle manufactured by such manufacturer; (10) "banking" has the meaning assigned to it in clause (b) of section 5 of the Banking Regulation Act, 1949(10 of 1949); (11) "banking company" has the meaning assigned to it in clause (a) of section 45A of the Reserve Bank of India Act, 1934(2 of 1934); (12) "banking and other financial service" means-- (a) the following services provided by a banking company or a financial institution including a non-banking financial company or any other body corporate, namely:- (i) financial leasing services including equipment leasing and hire-purchase by a body corporate; (ii) credit card services; (iii) merchant banking services; (iv) securities and foreign exchange (forex) broking; (v) asset management including portfolio management, all forms of fund management, pension fund management, custodial, depository and trust services, but does not include cash management; (vi) advisory and other auxiliary financial services including investment and portfolio research and advice, advice on mergers.....

The Himachal Pradesh Medical Council Act, 2003 Complete Act

State: Himachal

Year: 2003

.....cognizance of offence. 30. Control of Government. 31. Powers to make rules. 32. Code of conduct and ethics. THE HIMACHAL PRADESH MEDICAL COUNCIL ACT, 2003 (ACT NO. 16 OF 2003) [Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of Objects and Reasons see R.H.P. Extra., dated 18.7.2003, p. 874 and 892.] (Received the assent of the Governor on the 20th August, 2003 and was published in Hindi and English in R.H.P. Extra., dated the 21st August, 2003 at pages 1463 to 1495). AN ACT to provide for the constitution of Himachal Pradesh Medical Council and the maintenance of a register of medical practitioners who are engaged in the practice of modern scientific system of medicine and all its branches in the State of Himachal Pradesh and for matters connected therewith. BEit enacted by the Legislative Assembly of Himachal Pradesh in the Fifty-fourth Year of the Republic of India, as follows:- CHAPTER-I PRELIMINARY 1. Short title.- This Act may be called the Himachal Pradesh Medical Council Act, 2003. 2. Definitions.- In this Act, unless the context otherwise requires,- (a) "casual vacancy" means a vacancy occurring otherwise than by efflux of time in any office.....

The Hidayatullah National University of Law Chhattisgarh Adhiniyam, 2003 Complete Act

State: Chattisgarh

Year: 2003

.....Council" means the academic Council of the University; (ii) "Bar Council of India" means the Bar council of India constituted under the Advocates Act, 1961 (Central Act No. 25 of 1961); (iii) "Chancellor" means the Chancellor of the University; (iv) "Executive Council" means the Executive Council of the University; (v) "General Council" means the General Council of the University; (vi) "Ordinances" means the Ordinances of the University made under and in accordance with the provisions of this Act; (vii) "Registrar" means the Registrar of the University; (viii) "Regulations" means the Regulations of the University made under and in accordance with the provisions of this Act; (ix) "Schedule" means the Schedule appended to this Act; (x) "Special Officer" means the Special Officer appointed by the State Government to oversee all matters pertaining to the preparatory work of setting up of the University, (xi) "Statutes" means the Statutes of the University made under and in accordance with the provisions of this Act; (xii) "University" means "The National University of Law, Chhattisgarh" established under Section 3; (xiii) "Vice Chancellor" means the Vice.....

The Himachal Pradesh Paramedical Council Act, 2003 Complete Act

State: Himachal

Year: 2003

THE HIMACHAL PRADESH PARAMEDICAL COUNCIL ACT, 2003 THE HIMACHAL PRADESH PARAMEDICAL COUNCIL ACT, 2003 (ACT NO. 21 OF 2003) [Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of Objects and Reasons see R. H. P. Extra. , dated 18. 7. 2002 p. 919 and 941.] (Received the assent of the Governor on the 29th October, 2003 and was published in Hindi and English in R.H.P. Extra., dated 2.8.2003, p. 2199-2240) AN Act to provide for the establishment of Paramedical Council in the State of Himachal Pradesh and to regulate the practice by paramedical practitioners and institutions. BE it enacted by the Legislative Assembly of Himachal Pradesh in the Fifty- fourth Year of the Republic of India, as follows :- 1. Short title.- This Act may be called the Himachal Pradesh Paramedical Council Act, 2003. 2. Definitions.- In this Act, unless the context otherwise requires,- (a) "approved institution" means a hospital, health center or other such institution recognized by a University as an institution in which a person may undergo the training, if any, required by his course of study before the award of any paramedical qualification to him; (b) "Council" means.....

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.....

The Mizoram Education Act, 2003 Complete Act

State: Mizoram

Year: 2003

.....an institution imparting religious education only, but whatever be called, the management of which is carried on, either exclusively or among other activities, the activity of imparting education therein; (10) "employee1' means a teacher and includes all other employees working in a recognised educational institution; (11) "existing educational institution" means a recognised educational institution which is in existence at the commencement of this Act; (12) "Governing Body" means any body of individuals, by whatever name called, in which the management of a college vests; (13)"Government" means the Government of (he State of Mizoram; (14) "grant" or "grant-in-aid" means any sum of money paid as aid out of the Government funds to any educational institution; (15) "Head of educational institution" means the principal academic officer, by whatever name called, of a recognised educational institution; (16) "High School" means an educational institution imparting a course of studies in secondary education leading to a High School Leaving Certificate Examination after completion of Class X standard and it may have lower standards or classes attached to it; (17).....

Finance Act, 2003 Section 28

Title: Insertion of New Section 44da

State: Central

Year: 2003

.....of actual expenses) by the permanent establishment to its head office or to any of its other offices. (2) Every non-resident (not being a company) or a foreign company shall keep and maintain books of account and other documents in accordance with the provisions contained in section 44AA and get his accounts audited by an accountant as defined in the Explanation below sub-section (2) of section 288 and furnish along with the return of income, the report of such audit in the prescribed form duly signed and verified by such accountant. Explanation.--For the purposes of this section,-- (a) "fees for technical services" shall have the same meaning as in Explanation 2 to clause (vii) of sub-section (1) of section 9; (b) "royalty" shall have the same meaning as in Explanation 2 to clause (vi) of sub-section (1) of section 9; (c) "permanent establishment" shall have the same meaning as in clause (iiia) of section 92F.'.

Finance Act, 2003 Section 78

Title: Amendment of Section 194j

State: Central

Year: 2003

In section 194J of the Income-tax Act, with effect from the 1st day of June, 2003-- (a) in sub-section (1), after the second proviso, the following proviso shall be inserted, namely:-- "Provided also that no individual or a Hindu undivided family referred to in the second proviso shall be liable to deduct income-tax on the sum by way of fees for professional services in case such sum is credited or paid exclusively for personal purposes of such individual or any member of Hindu undivided family." (b) sub-sections (2) and (3) shall be omitted.