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Taxation Laws (Amendment) Act, 2003 Chapter II

Title: Amendments to the Income-tax Act, 1961

State: Central

Year: 2003

.....the total income of the assessee: Provided that where in computing the total income of the undertaking for any assessment year, deduction under section 10A or section 10B has been claimed, the undertaking shall not be entitled to the deduction under this section: Provided further that no deduction under this section shall be allowed to any undertaking for the assessment year beginning on the 1st day of April, 2010 and subsequent years. (2) This section applies to any undertaking which fulfils the following conditions, namely:-- (a) it manufactures or produces the eligible articles or things without the use of imported raw materials; (b) it is not formed by the splitting up, or the reconstruction, of a business already in existence: Provided that this condition shall not apply in respect of any undertaking which is formed as a result of the re-establishment, reconstruction or revival by the assessee of the business of any such undertaking as is referred to in section 33B, in the circumstances and within the period specified in that section; (c) it is not formed by the transfer to a new business of machinery or plant previously used for any purpose. .....

Karnataka Value Added Tax Act, 2003 Schedule 3

Title: Third Schedule

State: Karnataka

Year: 2003

.....of lime, dolomite and other white washing materials. 60. Medical and pharmaceutical preparations; Medicated ointments manufactured or imported under license granted under the Drugs and Cosmetics Act 1940; Light liquid paraffin of IP grade; Wadding gauze, bandages and similar articles for medical, surgical, dental or veterinary purposes; 8[Surgical gloves and Syringes including needles] Diagnostic or laboratory reagents including prepared diagnostic or laboratory reagents 61. Medical equipments, devices and implants 62. Medicinal plants, roots, herbs and barks used in the preparation of Ayurvedic medicines. 63. Mixed PVC stabilizer; 9[plastic boxes, cases and crates for conveyance or packing of goods] 64. 8[Moulded plastic footwear fully made of plastic and of single mould, hawai chappals (rubber) and their straps.] 65. Napa Slabs (Rough flooring stones) and Shahabad stones 66. Non-ferrous castings 67. Non-ferrous metals and alloys; Ingots, slabs, blocks, billets, sheets, circles, hoops,.....

Value Added Tax Act, 2003 Chapter 1

Title: Introduction

State: Karnataka

Year: 2003

.....Section 3 of the Karnataka Sales Tax Act, 1957 (Karnataka Act 25 of 1957). (9) Company shall have the meaning assigned to it in the Companies Act, 1956 (Central Act 1 of 1956). (10) To cultivate with its grammatical variations and cognate expressions means to carry on any agricultural operation; (11) To cultivate personally means, to cultivate land on one's own account, - (a) by one's own labour, or (b) by the labour of one's own family, or (c) by servants on wages payable in cash or kind but not in crop share, or by hired labour under one's personal supervision or the personal supervision of any member of one's family. Explanations.- (1) A person who is a widow or a minor or is subject to any physical or mental disability shall be deemed to cultivate the land personally if it is cultivated by her or his servants or by hired labour. (2) In the case of undivided family, the land shall be deemed to have been cultivated personally, if it is cultivated by any member of such family. (12) Dealer means any person who carries on the business of buying, selling, supplying or distributing goods, directly or otherwise, whether for cash or for deferred payment, or for.....

Value Added Tax Act, 2003 Section 2

Title: Definitions

State: Karnataka

Year: 2003

.....an assessment made or deemed to have been made under this Act and includes a re-assessment. (6) Business includes:- (a) any trade, commerce, manufacture or any adventure or concern in the nature of trade, commerce or manufacture, whether or not such trade, commerce, manufacture, adventure or concern is carried on in furtherance of gain or profit and whether or not any gain or profit accrues therefrom; and (b) any transaction in connection with, or incidental or ancillary to, such trade, commerce, manufacture, adventure or concern. (7) Capital goods means plant, including cold storage and similar plant, machinery, goods vehicles, equipments, moulds, tools and jigs whose total cost is not less than an amount to be notified by the Government or the Commissioner, and used in the course of business other than for sale. (8) Commissioner means any person appointed to be a Commissioner of Commercial Taxes under Section 3 of the Karnataka Sales Tax Act, 1957 (Karnataka Act 25 of 1957). (9) Company shall have the meaning assigned to it in the Companies Act, 1956 (Central Act 1 of 1956). (10) To cultivate with its grammatical variations and cognate expressions means to carry.....

Value Added Tax Act, 2003 Schedule 1

Title: First Schedule

State: Karnataka

Year: 2003

FIRST SCHEDULE (Goods exempted from tax under Section 5) Serial Number Description of Goods 1 2 1. Petrol including special boiling spirit. 2. Diesel. 3. Aviation turbine fuel. 4. Sugar cane. 5. Lottery tickets. 6. Agricultural implements manually operated or animal driven. 7. Aids and implements used by handicapped persons. 8. Animal feed and feed supplements, namely, processed commodity sold as poultry feed, cattle feed, pig feed, fish feed, fish meal, prawn feed, shrimp feed and feed supplements and mineral mixture concentrates, intended for use as feed supplements. 9. Betel leaves. 10. Books, Periodicals and journals. 11. Charakha, Ambar Charaka, handloom fabrics and Gandhi Topi. 12. Charcoal and firewood. 13. Coarse grains and their flour excluding paddy, rice and wheat and their flour. 14. Condoms and contraceptives. 15. Cotton and silk yarn in hank. 16. Curd and butter milk. 17. Earthen Pots. 18. Electrical.....

Value Added Tax Act, 2003 Schedule 3

Title: Third Schedule

State: Karnataka

Year: 2003

.....coir products. 19. Cotton waste and cotton yarn waste. 20. Declared goods as specified in Section 14 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956). 21. Edible oils (Non-refined and refined), oil cake and de-oiled cake. 22. Exercise books, student note books, graph books and laboratory note books. 23. Exim scrips, REP licenses, special import licenses (SIL), value based advance licenses (VABAL), Export quotas, copyrights, patents and the like. 24. Fibres of all kinds and fibre waste. 25. Flour (atta), poha, maida, soji of rice, wheat and maize; flour of pulses. 26. Fried gram. 27. Hand pumps and parts thereof. 28. Hose pipes. 29. Hosiery goods. 30. Husk and bran of cereals and pulses. 31. Ice. 32. Incense sticks such as, agarbathi, dhupkathi and dhupbam. 33. Indian musical instruments namely, Veena, violin, tambura, mridanga, ghatam, khanjira, harmonium, flute, star, sarod, santoor, dilruba, nadaswara, dolu, tabla, shehnai, pakwaz, vichitra veena, gotu vadyam, morsing, chande, triangle, rudraveena and sarangi and parts and.....

Karnataka Value Added Tax Act, 2003 Chapter I

Title: Preliminary

State: Karnataka

Year: 2003

.....to have been made under this Act and includesa re-assessment. 1[(5A) Body corporate means a corporation, a company as defined under the Companies Act, 1956 (Central Act 1 of 1956) and a company incorporated outside India but does not include.- (a) a corporation sole; (b) a co-operative society registered under any law relating to co-operative societies; and (c) any other body corporate, not being a company as defined in the Companies Act, 1956, which the State Government may, by notification in the Official Gazette, specify in this behalf.] 2[(5-B) Branded means any goods sold under a name or trade mark registered or pending registration or pending registration of transfer under the Trade and Merchandise Marks Act, 1958 (Central Act 43 of 1958) or the Trade Marks Act, 1999 (Central Act 47 of 1999).] (6) 'Business'includes:- (a) any trade, commerce, manufacture or any adventure or concern in the nature oftrade, commerce or manufacture, whether or not such trade, commerce,manufacture, adventure or concern is carried on in furtherance of gain or profitand whether or not any gain or profit accrues therefrom; and (b) any transaction in connection with, or incidental.....

Karnataka Value Added Tax Act, 2003 Section 2

Title: Definitions

State: Karnataka

Year: 2003

.....to have been made under this Act and includesa re-assessment. 1[(5A) Body corporate means a corporation, a company as defined under the Companies Act, 1956 (Central Act 1 of 1956) and a company incorporated outside India but does not include.- (a) a corporation sole; (b) a co-operative society registered under any law relating to co-operative societies; and (c) any other body corporate, not being a company as defined in the Companies Act, 1956, which the State Government may, by notification in the Official Gazette, specify in this behalf.] 2[(5-B) Branded means any goods sold under a name or trade mark registered or pending registration or pending registration of transfer under the Trade and Merchandise Marks Act, 1958 (Central Act 43 of 1958) or the Trade Marks Act, 1999 (Central Act 47 of 1999).] (6) 'Business'includes:- (a) any trade, commerce, manufacture or any adventure or concern in the nature oftrade, commerce or manufacture, whether or not such trade, commerce,manufacture, adventure or concern is carried on in furtherance of gain or profitand whether or not any gain or profit accrues therefrom; and (b) any transaction in connection with, or incidental.....

Karnataka Value Added Tax Act, 2003 Schedule 1

Title: First Schedule

State: Karnataka

Year: 2003

..... 3. All seeds for sowing other than oil seeds. 4. All varieties of textiles and fabrics (produced or manufactured in India) including declared goods but other than those specified elsewhere in Third Schedule 1[or notified by the Government.] 5. 2[(i) Animal feed and feed supplements, namely, processed commodity sold as poultry feed, cattle feed, pig feed, fish feed, fish meal, prawn feed, shrimp feed and feed supplements and mineral mixture concentrates, intended for use as feed supplements; (ii) Chunni of pulses, de-oiled cake and wheat bran.] 6. Animal 2[shoe and nails.] 7. Aviation turbine fuel. 8. Awalakki (Beaten rice) and Mandakki (Parched rice or puffed rice). 9. Bangles of all materials excluding precious metals. 10. Betel leaves. 11. Books, Periodicals and journals including maps, charts and globe. 12. Bread and bun. 13. Cart driven by animals 3[and their parts, but excluding rubber tyres, tubes and.....

The Assam Value Added Tax Act, 2003 Complete Act

State: Assam

Year: 2003

.....for carrying out the purposes of the Act; (11) "company" and "director" shall have the meanings respectively assigned to them in the Companies Act. 1956; (Central Act 1 of 1958) (12) "contractee" means any person for whom or for whose benefit a works contract is executed; (13) "contractor" means any person who executes a works contract and includes a sub-contractor; (14) "to cultivate personally" with all its grammatical variations and cognate expressions means to carry on any agricultural operation on one's own account,- (i) by one's own labour, or (ii) by the labour of one's family, or (iii) by servants on wages payable in cash or kind (but not in crop share), or by hired labour under one's personal supervision or the personal supervision of any member of one's family. Explanation I.- A widow or a minor, or a person who is subject to any physical or mental disability or is a serving member of the armed forces of the Union, shall be deemed to cultivate land personally if it is cultivated by her or his servants or by hired labour. Explanation II.- In the case of a Hindu Undivided Family, land shall be deemed to be cultivated personally, if it is cultivated by.....