Bare Act Search Results

Finance Act, 1992 Chapter II

Title: Rates of Income-tax

State: Central

Year: 1992

.....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 167B of 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 : Provided that in respect of any income chargeable to tax under section 115B or section 115BB of the Income-tax Act, - (a) the income-tax computed under section 115B shall be increased by a surcharge calculated at the rate of fifteen per cent. of such income-tax; and (b) the income-tax computed under section 115BB shall be increased, - (i) in the case of a person other than a company, being a resident in India, by a surcharge for purposes the Union calculated at the rate of twelve per cent. of such income-tax; and (ii) in the case of a domestic company, by a surcharge calculated at the rate of fifteen per cent. of such income-tax. (4) In a cases in which tax has to be deducted under sections 193, 194, 194A, 194B, 194BB,.....

Karnataka Krishna Basin Development Authority Act, 1992 Section 9

Title: Rates for Supply of Water for Irrigation, Industrial and Domestic Purposes

State: Karnataka

Year: 1992

The Authority shall have the power to levy and collect water charges for supply of water for irrigation, industrial, and domestic purposes, at such rates as specified by regulations under this Act and shall also have the power to fix the minimum quantity of water which shall be made available for such purposes.

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.....

Finance Act, 1992 Section 2

Title: Income-tax

State: Central

Year: 1992

.....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 167B of 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 : Provided that in respect of any income chargeable to tax under section 115B or section 115BB of the Income-tax Act, - (a) the income-tax computed under section 115B shall be increased by a surcharge calculated at the rate of fifteen per cent. of such income-tax; and (b) the income-tax computed under section 115BB shall be increased, - (i) in the case of a person other than a company, being a resident in India, by a surcharge for purposes the Union calculated at the rate of twelve per cent. of such income-tax; and (ii) in the case of a domestic company, by a surcharge calculated at the rate of fifteen per cent. of such income-tax. (4) In a cases in which tax has to be deducted under sections 193, 194, 194A, 194B, 194BB,.....

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.....

The Tamil Nadu Tax on Professions, Trades, Callings and Employments Act, 1992 Complete Act

State: Tamil Nadu

Year: 1992

.....TAMIL NADU TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1992 THE TAMIL NADU TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1992 (ACT NO.24 OF 1992) [Received the assent of the Governor on the 12th June, 1992 and published in the Tamil Nadu Government Gazette Extraordinary No.355, dated 15th June,1992 at Page Nos. 91 to 105.] An act to consolidate and to provide for the levy and collection of tax on professions, trades, callings and employments in this State. WHEREAS it is expedient to provide for the levy and collection of a tax on professions, trades, callings and employments; BE it enacted by the Legislative Assembly of the State of Tamil Nadu in the Forty third Year of the Republic of India as follows :- 1. Short title, extent and commencement - (1) This Act may be called the Tamil Nadu Tax on Professions, Trades, Callings and Employments Act, 1992. (2) It extends to the whole of the State of Tamil Nadu. (3) It shall be deemed to have come into force on the 1st day of April 1992. Notes Constitutional validity of the Act :- As per Entry 60, the relevant tax is only on professions, trades, callings and employments and not.....

The Orissa Rural Employment, Education and Production Act, 1992 Complete Act

State: Orissa

Year: 1992

.....on mining operations; (e) "prescribed" means prescribed by rules (f) "proceeds of tax" means the proceeds of tax levied under section 3; (g) "rules" means rules made under this Act; (h) "year" means the financial year. 3. Rural Employment, Education and Production tax. (1) On and from the commencement of this Act, all lands shall be liable to payment of rural employment, education and production tax assessed in the manner hereinafter provided: Provided that any land which is liable to payment of cess under the Orissa Cess Act, 1962 shall not be liable to payment of rural employment, education and production tax. (2) The rate per year at which such tax shall be levied shall be" (a) in the ease of laud other than mineral-bearing land, fifty percentum of the annual value thereof; (b) in the case of a mineral-bearing land in relation to any mineral other than coal, the rate as the State Government may, from time to time, determine in respect thereof by rules; and (c) in the case of a mineral-bearing land in relation to coal, the rate as specified in the Schedule. (3) The Slate Government may, by notification, amend the Schedule from time to time so as to.....

The Sikkim Excise Act, 1992 Complete Act

State: Sikkim

Year: 1992

.....Assembly having received the assent of the Governor on 27th day of March, 1992, is hereby published for general information:" THE SIKKIM EXCISE ACT, 1992 (ACT NO. 2 OF 1992) An Act to provide for the manufacture, possession, sale, transport, import and export of alcoholic liquor and imposition of duty of excise therein and for matters connected therewith and incidental thereto. Be it enacted by the Legislature of Sikkim in the Forty-third Year of the Republic of India as follows :- CHAPTER I Preliminary Short title, extent and commencement. 1. (1) This. Act may be called the Sikkim Excise Act, 1992. (2) It extends to the whole of Sikkim. (3) It shall come into force on such date as the Government may, by notification, appoint, Definitions 2. In this Act, unless the context otherwise requires,- (a) ''Beer" includes ale, s tout, porter and all other fermented liquor usually made from malt; (b) "to bottle" means to transfer liquor from a cask or other vessel to a bottle or other receptacle for the purpose of sale, whether any process of rectification fee employed or not, and includes rebottling; (c) "denaturant" means any substance as may be.....

Finance Act, 1992 Section 16

Title: Amendment of Section 40

State: Central

Year: 1992

.....the previous year exceeds the aggregate amount computed as hereunder :- (1) in case of a firm carrying on a profession referred to in section 44AA or which is notified for the purpose of that section - (a) on the first Rs. 1,00,000 of the book-profit or in case of a loss book-profit, whichever is more; Rs. 50,000 or at the rate of 90 per cent. of the (b) on the next Rs. 1,00,000 of the book-profit at the rate of 60 per cent.; (c) on the balance of the book-profit at the rate of 40 per cent.; (2) in the case of any other firm - (a) on the first Rs. 75,000 of the book-profit or in case of a loss whichever is more; Rs. 50,000 or at the rate of 90 per cent. of the book-profit, (b) on the next Rs. 75,000 of the book-profit at the rate of 60 per cent.; (c) on the balance of the book-profit at the rate of 40 per cent. : Provided that in relation to any payment under this clause to the partner during the previous year relevant to the assessment year commencing on the 1st day of April, 1993, the terms of the partnership.....

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.....