Bare Act Search Results

Finance Act, 1987 Chapter II

Title: Rates of Income-tax

State: Central

Year: 1987

.....be the income-tax in respect of the total income. (3) In cases to which the provisions of Chapter XII or Chapter XII-A or sub-section (1A) of section 161 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 of the First Schedule. (5) Subject to the provisions 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.....

Terrorist and Disruptive Activities (Prevention) Act, 1987 [Repealed] Part IV

Title: Miscellaneous

State: Central

Year: 1987

.....been done or taken under the corresponding provisions of this Act. Repealing Act 1 - REPEALING AND AMENDING ACT, 2001 THE REPEALING AND AMENDING ACT, 2001 [Act, No. 30 of 2001] [3rd September, 2001] PREAMBLE An Act to repeal certain enactments and to amend certain other enactments. Be it enacted by Parliament in the Fifty-second Year of the Republic of India as follows:-- 1. Short title This Act may be called the Repealing and Amending Act, 2001. 2. Repeal of Certain enactments The enactments specified in the First Schedule are hereby repealed to the extent mentioned in the fourth column thereof. 3. Amendment of certain enactments The enactments specified 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 Savings The repeal by this Act of any enactment shall not affect any other enactment in which the repealed enactment has been applied, incorporated or referred to; d this Act shall not affect the validity, invalidity, effect or consequences of anything already done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.....

Terrorist and Disruptive Activities (Prevention) Act, 1987 [Repealed] Repealing Act 1

Title: Repealing and Amending Act, 2001

State: Central

Year: 1987

.....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; d 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 of 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 me repeal by this Act of any enactment revive or restore any jurisdiction, office, custom, liability, right,.....

Finance Act, 1987 Complete Act

State: Central

Year: 1987

.....Be it enacted by Parliament in the Thirty-eighth. Year of the Republic of India as follows : --- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The Finance Act, 1987. (2) Save as otherwise provided in this Act. Sections 2 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, 1987, income-tax shall be charged at the rates specified in Part I of the First Schedule. (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,- (i) in a case to which the said Sub-Paragraphs I applies, eighteen thousand rupees, and (ii) in a case to which the said Sub-Paragraph II applies, twelve thousand rupees, then,- (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say, as if the net agricultural income were comprised in the total income after,--- (i) in a case to which the said Sub-Paragraph I applies, the first.....

Finance Act, 1987 Schedule I

Title: Schedule

State: Central

Year: 1987

.....any debentures issued by a company where such debentures are listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956, and any rules made thereunder; (vi) on any other income (excluding interest payable on a tax-free security) 20 per cent.; (b) where the person is not resident in India - (i) in the case of a non-resident Indian - (A) on investment income and long-term capital gains 20 per cent.; (B) on income by way of interest payable on a tax-free security 15 per cent.; (C) on the whole of the other income-tax at 30 per cent. of the amount of the income, Or income-tax in respect of the income at the rates prescribed in Sub-Paragraph I of Paragraph A of I of this Schedule, if such income had been the total income, whichever is higher; (ii) in the case of any other person - (A) on income by way of interest payable on a tax-free security 15 per cent.; (B) on the whole of the other income-tax at 30 Per cent. of the amount of the income, or income-tax.....

Finance Act, 1987 Section 2

Title: Income-tax

State: Central

Year: 1987

.....be the income-tax in respect of the total income. (3) In cases to which the provisions of Chapter XII or Chapter XII-A or sub-section (1A) of section 161 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 of the First Schedule. (5) Subject to the provisions 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.....

Board for Industrial and Financial Reconstruction (Salaries and Allowances and Conditions of Service of Chairman and Other Members) Rules, 1987 Complete Act

State: Central

Year: 1987

.....means the Chairman of the Board appointed under section 4-of the Act; (d) "Member" means a Member of the Board appointed under section 4-of the Act. RULE 03: Pay (1) The Chairman shall receive pay as admissible to a Judge of a High Court. (2) A Member shall receive pay as admissible to the Secretary to the Government of India: Provided that in the case of an appointment of a person as a Chairman, or as a Member, who has retired as a Judge of a High Court or who has retired from service under the Central Government or a State Government and who is in receipt of or has received or has become entitled to receive any retirement benefits by way of pension, gratuity, employer's contribution to the Contributory Provident Fund or other forms of retirement benefits, the pay of such Chairman or Member shall be reduced by the gross amount of pension and pension equivalent of gratuity or employer's contribution to the Contributory Provident Fund or any other form of retirement benefit, if any, drawn or to be drawn by him. RULE 04: DEARNESS ALLOWANCE AND CITY COMPENSATORY ALLOWANCE (1) The Chairman shall receive dearness allowance and city compensatory allow- ance at the rate.....

National Housing Bank Act, 1987 Chapter V

Title: Provision Relating to Housing Finance Institutions Receiving Deposits

State: Central

Year: 1987

In this Chapter the term 'deposit' shall have the meaning assigned to it in section 45-I of the Reserve Bank of India Act, 1934. Section 29 - Chapter not to apply in certain cases (1) The provisions of this Chapter shall not apply to deposits accepted by a housing finance institution which is a firm or an unincorporated association of individuals. (2) For the removal of doubts, it is hereby declared that the firms and unincorporated associations of individuals referred to in sub-section (1) shall continue to be governed by the provisions of Chapter III C of the Reserve Bank of India Act, 1934. Section 29A - Requirement of registration and net owned fund 1[29A. Requirement of registration and net owned fund (1) Notwithstanding anything contained in this Chapter or in any other law for the time being in force, no housing finance institution which is a company shall commence or carry on the business of a housing finance institution without- (a) obtaining a certificate of registration issued under this Chapter; and (b) having the net owned fund of twenty-five lakh rupees or such other higher amount, as the National Housing Bank may, by notification, specify. (2).....

National Housing Bank Act, 1987 Complete Act

State: Central

Year: 1987

.....Act, 1934, shall have the meanings respectively assigned to them in that Act; (k) words and expressions used herein and not defined either in this Act or in the Reserve Bank of India Act 1934, but defined in the Banking Regulation Act, 1949, shall have the meanings respectively assigned to them in the Banking Regulation Act, 1949. SECTION 03: ESTABLISHMENT AND INCORPORATION OF NATIONAL HOUSING BANK (1) With effect from such date2as the Central Government may, by notification, appoint, there shall be established for the purposes of this Act, a bank to be known as the National Housing Bank. (2) the National Housing Bank shall be a body corporate with the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and may, by that name, sue and be sued. (3) The head office of the National Housing Bank shall be at Bombay or at such other place as the Reserve Bank may, by notification, specify. (4) The National Housing Bank may establish offices, branches or agencies at any place in India, and with the previous approval of the Reserve Bank, at any place outside India. .....

Sikkim Motor Vehicles Taxation (Amendment) Act, 1987 Complete Act

State: Sikkim

Year: 1987

.....Taxation Officer shall endorse the particulars of the tax paid in the certificate of registration of the vehicle concerned. 4. In the principal Act, in Section 10, in sub-section (1), the words, "at the time of granting receipt for the tax," shall be deleted. Motor 5. In the principal Act, for the existing Schedule, the following Schedule shall be substituted. SCHEDULE ( See Section 4 ) Description of Motor-Vehicles and the rate of tax. A. Vehicle for carrying passengers not, plying for hire. 1. Vehicle other than Omnibuses (1) Motor Cycle/Scooters kept for the personal use of the owners, not being companies registered under the law relating to registration of. companies for the time being in force. (2) Motor Cycles Scooters with side car far the personal use of the owners, not being companies registered under the law relating to. registration of companies for the time being in force. (3) (a) Fiat Car kept for the- personal use of owners not being companies registered under the law relating to registration of companies for' the time being in force and invalid carriages. (b) Fiat Car owned by companies registered under the law relating to registration of.....