Bare Act Search Results

Finance Act, 1981 Chapter II

Title: Rates of Income-tax

State: Central

Year: 1981

.....and the sum so arrived at shall be the income-tax in respect of the total income. (3) In cases to which the provisions of Chapter XII or section 164 or section 164A or section 167A of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income-tax Act) apply, the tax chargeable shall be determined as provided in that Chapter or that section, and with reference to the rates imposed by sub-section (1) or the rates as specified in that Chapter or section, as the case may be. (4) In cases in which tax has to be deducted under sections 193, 194, 194A, 194B, 194BB, 194D and 195 of the Income-tax Act at the rates in force, the deduction shall be made at the rates specified in Part II of the First Schedule. (5) Subject to the provision of sub-section (6), in cases in which income-tax has to be calculated under the first proviso to sub-section (5) of section 132 of the Income-tax Act or charged under sub-section (4) of section 172 or sub-section (2) of section 174 or section 175 or sub-section (2) of section 176 of the said Act or deducted under section 192 of the said Act from income chargeable under the head "Salaries" or deducted under sub-section (9).....

The Coimbatore City Municipal Corporation Act, 1981 Complete Act

State: Tamil Nadu

Year: 1981

.....includes any kind of bicycle, tricycle, cycle-rickshaw and palanquin, but does not include any motor vehicle within the meaning of Motor Vehicles Act, 1939 (Central Act IV of 1939); Notes Sec.2(6) " Carriage " Trailer Car " whether a carriage " Case decided with reference to Madras Act 18 MLJ 149 (7) "cart" includes any wheeled vehicle which is not a carriage but does not include any motor vehicle within the meaning of Motor vehicles Act, 1939 (Central Act IV of 1939); (8) "casual vacancy" means a vacancy occurring otherwise than by efflux of time and "casual election" means an election held on the occurrence of a causal vacancy; (9) "City of Coimbatore" or "City" means the local area comprised in the Coimbatore Municipality and includes any local area which after the commencement of this Act, is included in the City but does not include any local area which after such commencement is excluded from the City; (10) "Coimbatore Municipality" means the Coimbatore Municipality as constituted under the Tamil Nadu District Municipalities Act, 1920 (Tamil Nadu Act V of 1920); (11) "company" means " (a) any company as defined in the Companies Act, 1956 (Central Act I.....

Assam State Legislature (Delegation of Powers) Act, 1981 [Repealed] Repealing Act 1

Title: Repealing and Amending Act, 1988

State: Central

Year: 1981

.....in the Second Schedule are hereby amended to the extent and in the manner mentioned in the fourth column thereof. 4. Savings The repeal by this Act of any enactment shall not affect any other enactment in which the repealed enactment has been applied, incorporated or referred to; and this Act shall not affect the validity, invalidity, effect or consequences of anything already done or suffered, or any right, title, obligation or liability already acquired, accrued or incurred, or any remedy or proceeding in respect thereof, or any release or discharge of or from any debt, penalty, obligation, liability, claim or demand, or any indemnity already granted, or the proof of any past act or thing; nor shall this Act affect any principle or rule or law, or established jurisdiction, form or course of pleading, practice or procedure, or existing usage, custom, privilege, restriction, exemption, office or appointment, notwithstanding that the same respectively may have been in any manner affirmed or recognised or derived by, in or from any enactment hereby repealed; nor shall the repeal by this Act of any enactment revive or restore any jurisdiction, office, custom, liability,.....

Finance Act, 1981 Chapter V

Title: Miscellaneous

State: Central

Year: 1981

In the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974, - (a) in section 3, in sub-section (1), for the figures, letters and words "1st day of April, 1982", the figures, letters and words "1st day of April, 1984" shall be substituted; (b) in section 4, in sub-section (1), in clause (iii), for the figures, letters and words "1st day of April, 1982", the figures, letters and words "1st day of April, 1984" shall be substituted; (c) in section 8, with effect from the 1st day of June, 1981, - (i) after sub-section (1), the following sub-section shall be inserted, namely :- "(1A) Notwithstanding anything contained in sub-section (1), - (a) the amount of compulsory deposit made by or recovered from an individual; or (b) the amount of compulsory deposit made by or recovered from any person who is assessable under the Income-tax Act in respect of the total income of an individual, on behalf of such individual, shall, to the extent it has remained unpaid, be repayable; together with interest thereon, - (i) where such individual has attained the age of seventy years before the 1st day of April, 1981, on the 1st day of June, 1981; and (ii) in any other case, on.....

Finance Act, 1981 Section 53

Title: Amendment of Act 38 of 1974

State: Central

Year: 1981

In the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974, - (a) in section 3, in sub-section (1), for the figures, letters and words "1st day of April, 1982", the figures, letters and words "1st day of April, 1984" shall be substituted; (b) in section 4, in sub-section (1), in clause (iii), for the figures, letters and words "1st day of April, 1982", the figures, letters and words "1st day of April, 1984" shall be substituted; (c) in section 8, with effect from the 1st day of June, 1981, - (i) after sub-section (1), the following sub-section shall be inserted, namely :- "(1A) Notwithstanding anything contained in sub-section (1), - (a) the amount of compulsory deposit made by or recovered from an individual; or (b) the amount of compulsory deposit made by or recovered from any person who is assessable under the Income-tax Act in respect of the total income of an individual, on behalf of such individual, shall, to the extent it has remained unpaid, be repayable; together with interest thereon, - (i) where such individual has attained the age of seventy years before the 1st day of April, 1981, on the 1st day of June, 1981; and (ii) in any other case, on.....

Finance Act, 1981 Schedule I

Title: First Schedule

State: Central

Year: 1981

.....(C) any debentures issued by acompany where such debenturesare listed in a recognisedstock exchange in India inaccordance with theSecurities Contracts(Regulation) Act, 1956 (42 of1956), and any rules madethereunder (vi) on any other income (excludinginterest payable on a tax-freesecurity) 20 per cent. 2 per cent.; (b) where the person is not residentin India - (i) on the whole, income (excludinginterest payable on a tax-freesecurity) amount of the income, orincome-tax and surcharge onincome-tax in respect of theincome at the rates prescribedin Sub-Paragraph I of Paragraph Aof Part III of this Schedule, ifsuch income had been the totalincome,whichever is higher; income-tax at 30 per cent. and surcharge at 3 per cent. of the (ii) on income by way of interestpayable on a tax-free security 2. In the case of a company - 15 per cent. 1.5 per cent. (a) where the company is a domesticcompany - (i) on income by way of interestother than "Interest onsecurities" 20 per cent. 0.5 per cent.; (ii) on any other income (excludinginterest payable on a tax-freesecurity) 21.5 per.....

Finance Act, 1981 Complete Act

State: Central

Year: 1981

.....1981-82 Be it enacted by Parliament in the Thirty-second Year of the Republic of India as follows SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The finance Act, 1981. (2) Save as otherwise provided in this Act,sections 2-to45-andsection 53-shall be deemed to have come into force on the 1st day of April, 1981. SECTION 02: INCOME-TAX (1) Subject to the provisions of sub-section (2) and (3), for the assessment year commencing on the 1st day of April, 1981, income-tax shall be charted at the rates specified in part I of the First Schedule and 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 Paragraph 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 assessee has in the previous year, any net agricultural income exceeding six hundred rupees in addition to total income, and the total income exceeds twelve thousand rupees, then,- (a) the net agricultural income shall be taken.....

Finance Act, 1981 Section 2

Title: Income-tax

State: Central

Year: 1981

.....and the sum so arrived at shall be the income-tax in respect of the total income. (3) In cases to which the provisions of Chapter XII or section 164 or section 164A or section 167A of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income-tax Act) apply, the tax chargeable shall be determined as provided in that Chapter or that section, and with reference to the rates imposed by sub-section (1) or the rates as specified in that Chapter or section, as the case may be. (4) In cases in which tax has to be deducted under sections 193, 194, 194A, 194B, 194BB, 194D and 195 of the Income-tax Act at the rates in force, the deduction shall be made at the rates specified in Part II of the First Schedule. (5) Subject to the provision of sub-section (6), in cases in which income-tax has to be calculated under the first proviso to sub-section (5) of section 132 of the Income-tax Act or charged under sub-section (4) of section 172 or sub-section (2) of section 174 or section 175 or sub-section (2) of section 176 of the said Act or deducted under section 192 of the said Act from income chargeable under the head "Salaries" or deducted under sub-section (9).....

The Maharashtra Private Security Guards (Regulation of Employment and Welfare) Act, 1981 Complete Act

State: Maharashtra

Year: 1981

.....2 of the Bombay Shops and Establishments Act, 1948 (Bom. LXXIX of 1948); (5) "Factory" means a factory as defined in clause (m) of Section 2 of the Factories Act, 1948 (LXIII of 1948); (6) "Inspector" means an Inspector appointed under Section 16; (7) "Prescribed" means prescribed by rules made under this Act; 3[(8) "principal employer", in relation to any class or classes of Security Guards deployed in a factory or establishment by the agency or agent or Board, means the person who has ultimate control over the affairs of the factory or establishment and includes any other person to whom the affairs of such factory or establishment are entrusted whether such person is called Authorised Representative, Manager or by any other name prevailing in the factory or establishment;] (9) "Scheme" means a Scheme made under this Act; 1 This clause was substituted for the original by Mah. Ord. 4 of 1996* and subsequently by Mah. 28 of 1996, s. 2(a) *This Ordinance was promulgated on 9-2-1996 and ceased to operate on 28-4-1996 2 Clauses (3), (8) and (10) were substituted for the original by Mah. Ord. 4 of 1996 and subsequently by Mah. 28 of 1996, a. 2(b), (c) and (d) 3 Clauses (3), (8) and.....

Finance Act, 1981 Chapter III

Title: Direct Taxes

State: Central

Year: 1981

.....words "first proviso" shall be substituted. Section 26 to 31 - Wealth-Tax Section 26 - Amendment Of Section 21 In section 21 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), - (a) in sub-section (1), the following Explanation shall be inserted, namely :- "Explanation : A trust which in not declared by a duly executed instrument in writing (including a valid deed of wakf) shall be deemed, for the purposes of this sub-section, to be a trust declared by a duly executed instrument in writing if a statement in writing, signed by the trustee or trustees, setting out the purpose or purposes of the trust, particulars as to the trustee or trustees, the beneficiary or beneficiaries and the trust property, is forwarded to the Wealth-tax Officer, - (i) where the trust has been declared before the 1st day of June, 1981, within a period of three months from that day; and (ii) in any other case, within three months from the date of declaration of the trust."; (b) in sub-section (4), - (i) for the words "Notwithstanding anything contained in this section", the words "Notwithstanding anything contained in the foregoing provisions of this.....