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Home Bare Acts Phrase: section 140aFinance Act 1999 Section 63
Title: Amendment of Section 140a
State: Central
Year: 1999
In section 140A of the Income-tax Act, with effect from the 1st day of June, 1999, - (a) in sub-section (1), for the words and figures "or, as the case may be, section 148", the words, figures and letters "or section 148 or, as the case may be, section 158BC" shall be substituted; (b) in sub-section (2), - (i) after the word and figures "section 144", the words, figures and letters "or an assessment under section 158BC" shall be inserted; (ii) after the words "regular assessment", the words "or assessment, as the case may be" shall be inserted.
View Complete Act List Judgments citing this sectionFinance Act, 2003 Section 63
Title: Amendment of Section 140a
State: Central
Year: 2003
In section 140A of the Income-tax Act, with effect from the 1st day of June, 2003,-- (a) in sub-section (1), for the words, figures and letters ", as the case may be, section 158BC", the words, figures and letters "section 153A or, as the case may be, section 158BC" shall be substituted; (b) in sub-section (2), for the words, figures and letters, "an assessment under section 158BC", the words, figures and letters "an assessment under section 153 A or section 158BC" shall be substituted.
View Complete Act List Judgments citing this sectionFinance Act 2001 Section 61
Title: Amendment of Section 140a
State: Central
Year: 2001
In section 140A of the Income-tax Act, after sub-section (1), the following sub-sections shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1989, namely :- "(1A) For the purposes of sub-section (1), interest payable under section 234A shall be computed on the amount of the tax on the total income as declared in the return as reduced by the advance tax, if any, paid and any tax deducted or collected at source. (1B) For the purposes of sub-section (1), interest payable under section 234B shall be computed on an amount equal to the assessed tax or, as the case may be, on the amount by which the advance tax paid falls short of the assessed tax. Explanation.-For the purposes of this sub-section, "assessed tax" means the tax on the total income as declared in the return as reduced by the amount of tax deducted or collected at source, in accordance with the provisions of Chapter XVII, on any income which is subject to such deduction or collection and which is taken into account in computing such total income.".
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Section 57
Title: Amendment of Section 140a
State: Central
Year: 2012
In section 140A of the Income-tax Act, with effect from the 1st day of April, 2013,-- (i) in sub-section (1), in clause (v), after the word, figures and letters "section 115JAA", the words, figures and letters "or section 115JD" shall be inserted; (ii) in sub-section (1A), in clause (i), in sub-clause (e), after the word, figures and letters "section 115JAA", the words, figures and letters "or section 115JD" shall be inserted; (iii) in sub-section (1B), in the Explanation, in clause (iv), after the word, figures and letters "section 115JAA", the words, figures and letters "or section 115JD" shall be inserted.".
View Complete Act List Judgments citing this sectionFinance Act 2005 Section 43
Title: Amendment of Section 140a
State: Central
Year: 2005
In section 140A of the Income-tax Act, with effect from the 1st day of April, 2006,-- (a) in sub-section (1), for the word and figures "section 139", the words, figures and letters "section 115WD or section 115WH or section 139" shall be substituted; (b) for sub-section (1A), the following sub-section shall be substituted, namely:-- "(1A) For the purposes of sub-section (1), interest payable,-- (i) under section 234A shall be computed on the amount of the tax on the total income as declared in the return as reduced by the advance tax, if any, paid and any tax deducted or collected at source; (ii) under section 115WK shall be computed on the amount of tax on the value of the fringe benefits as declared in the return as reduced by the advance tax, paid, if any."; (c) in sub-section (2), for the word and figures "section 143", the words, figures and letters "section 115WE or section 115WF or section 143" shall be substituted;".
View Complete Act List Judgments citing this sectionFinance Act, 2006 Section 34
Title: Amendment of Section 140a
State: Central
Year: 2006
.....paid under any provision of this Act; (ii) any tax deducted or collected at source; (iii) any relief of tax or deduction of tax claimed under section 90 or section 91 on account of tax paid in a country outside India; (iv) any relief of tax claimed under section 90A on account of tax paid in any specified territory outside India referred to in that section; and (v) any tax credit claimed to be set off in accordance with the provisions of section 115JAA,"; (b) in sub-section (1A), for clause (i), the following clause shall be substituted, namely:-- "(i) under section 234A shall be computed on the amount of the tax on the total income as declared in the return as reduced by the amount of,-- (a) advance tax, if any, paid; (b) any tax deducted or collected at source; (c) any relief of tax or deduction of tax claimed under section 90 or section 91 on account of tax paid in a country outside India; (d) any relief of tax claimed under section 90A on account of tax paid in any specified territory outside India referred to in that section; and (e) any tax credit claimed to be set off in accordance with the provisions of section 115JAA;"; (c) in sub-section (1B),.....
View Complete Act List Judgments citing this sectionCustoms Act, 1962 Section 140A
Title: Application of Section 562 of the Code of Criminal Procedure, 1898, and of the Probation of Offenders Act, 1958
State: Central
Year: 1962
1[140A. Application of section 562 of the Code of Criminal Procedure, 1898, and of the Probation of Offenders Act, 1958.-- (1) Nothing contained in section 562 of the2Code of Criminal Procedure, 1898 (5 of 1898), or in the Probation of Offenders Act, 1958 (20 of 1958), shall apply to a person convicted of an offence under this Act unless that person is under eighteen years of age. (2) The provisions of sub-section (1) shall have effect notwithstanding anything contained in sub-section (3) of section 135.] ________________________ 1. Inserted by Act 36 of 1973, section 11 (w.e.f. 1-9-1973). 2. See now section 360 of the Code of Criminal Procedure, 1973 (2 of 1974).
View Complete Act List Judgments citing this sectionFinance Act 1974 Section 11
Title: Amendment of Section 209
State: Central
Year: 1974
.....undivided family which has at least one member whose total income of the previous year exceeds the maximum amount not chargeable to income-tax in his case, then, the Income-tax Officer shall, for making an order under section 210 in the case of any such Hindu undivided family, compute (subject to the provisions of section 164) the advance tax a such rate or rates - (a) in a case where the total income of the latest previous year in respect of which the Hindu undivided family has been assessed by way of regular assessment forms the basis of computation of advance tax, if the total income of any member of the family for the assessment year relevant to such latest previous year exceeds the maximum amount not chargeable to income-tax in his case; (b) in a case where the total income of the previous year on the basis of which tax has been paid by the Hindu undivided family under section 140A forms the basis of computation of advance tax, if the total income of any member of the family for the assessment year relevant to such previous year exceeds the maximum amount not chargeable to income-tax in his case.".
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 234A
Title: Interest for Defaults in Furnishing Return of Income
State: Central
Year: 1961
.....the total income determined under sub-section (1) of section 143 or on the basis of the earlier assessment aforesaid. (4) Where, as a result of an order under section 154 or section 155 or section 250 or section 254 or section 260 or section 262 or section 263 or section 264 or an order of the Settlement Commission under sub-section (4) of section 245D, the amount of tax on which interest was payable under sub-section (1) or sub-section (3) of this section has been increased or reduced, as the case may be, the interest shall be increased or reduced accordingly, and (i) in a case where the interest is increased, the Assessing Officer shall serve on the assessee a notice of demand in the prescribed form specifying the sum payable, and such notice of demand shall be deemed to be a notice under section 156 and the provisions of this Act shall apply accordingly ; (ii) in a case where the interest is reduced, the excess interest paid, if any, shall be refunded. (5) The provisions of this section shall apply in respect of assessments for the assessment year commencing on the 1st day of April, 1989 and subsequent assessment years. _________________ 1. Substituted for one.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 234B
Title: Interest for Defaults in Payment of Advance Tax
State: Central
Year: 1961
.....the total income determined under subsection (1) of section 143 or on the basis of the regular assessment aforesaid. (4) Where, as a result of an order under section 154 or section 155 or section 250 or section 254 or section 260 or section 262 or section 263 or section 264 or an order of the Settlement Commission under sub-section (4) of section 245D, the amount on which interest was payable under sub-section (1) or subsection (3) has been increased or reduced, as the case may be, the interest shall be increased or reduced accordingly, and (i) in a case where the interest is increased, the Assessing Officer shall serve on the assessee a notice of demand in the prescribed form specifying the sum payable and such notice of demand shall be deemed to be a notice under section 156 and the provisions of this Act shall apply accordingly ; (ii) in a case where the interest is reduced, the excess interest paid, if any, shall be refunded. (5) The provisions of this section shall apply in respect of assessments for the assessment year commencing on the 1st day of April, 1989 and subsequent assessment years. ______________________ 1. Substituted for one and one-fourth per.....
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