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Home Bare Acts Phrase: section 40Finance 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.....
View Complete Act List Judgments citing this sectionFinance Act, 1992 Section 117
Title: Omission of Section 40 of Act 11 of 1983
State: Central
Year: 1992
Section 40 of the Finance Act, 1983, shall be omitted with effect from the 1st day of April, 1993.
View Complete Act List Judgments citing this sectionCompetition (Amendment) Act 2007 Section 32
Title: Omission of Section 40
State: Central
Year: 2007
Section 40 of the principal Act shall be omitted.
View Complete Act List Judgments citing this sectionElectricity (Amendment) Act, 2007 Section 6
Title: Amendment of Section 40
State: Central
Year: 2007
In section 40 of the principal Act,-- (i) in the second proviso, the words "and eliminated" shall be omitted; (ii) the third proviso shall be omitted.
View Complete Act List Judgments citing this sectionFinance (No. 2) Act 2009 Section 15
Title: Amendment of Section 40
State: Central
Year: 2009
In section 40 of the Income-tax Act, in clause (b), in sub-clause (v), for items (1) and (2), the following shall be substituted with effect from the 1st day of April, 2010, namely:-- "(a) on the first Rs.3,00,000 of the book-profit or in case of a loss Rs. 1,50,000 or at the rate of 90 per cent. of the book-profit, whichever is more; (b) on the balance of the book-profit at the rate of 60 per cent.:".
View Complete Act List Judgments citing this sectionFinance Act 2005 Section 13
Title: Amendment of Section 40
State: Central
Year: 2005
In section 40 of the Income-tax Act, in clause (a), after sub-clause (ib), the following sub-clause shall be inserted with effect from the 1st day of April, 2006, namely:-- "(ic) any sum paid on account of fringe benefit tax under Chapter XII-H;".
View Complete Act List Judgments citing this sectionFinance Act, 1984 Section 9
Title: Amendment of Section 40
State: Central
Year: 1984
In section 40 of the Income-tax Act, in clause (c), with effect from the 1st day of April, 1985, - (a) in sub-clause (A), for the words "seventy-two thousand rupees", the words "one hundred and two thousand rupees" shall be substituted; (b) in sub-clause (B), for the words "six thousand rupees", the words "eight thousand five hundred rupees" shall be substituted.
View Complete Act List Judgments citing this sectionIndian Divorce (Amendment) Act, 2001 Section 24
Title: Amendment of Section 40
State: Central
Year: 2001
In section 40 of the principal Act, for the portion beginning with the words "The High Court" and ending with the words "may inquire into", the words "The District Court may, before passing a decree for dissolution of the marriage or a decree of nullity of marriage, inquire into" shall be substituted.
View Complete Act List Judgments citing this sectionFinance Act 1965 Section 13
Title: Amendment of Section 40
State: Central
Year: 1965
In section 40 of the Income tax Act, in sub clause (iii) of clause (c), (a) in the proviso (i) after the words, brackets and figure "in sub clause (i)", the words, brackets and figures "or any payment of tax referred to in sub clause (vii)" shall be inserted; (ii) after the words, brackets and figures "clause (iv) or clause (v)", the words, brackets and figures "or any expenditure referred to in clause (ix)" shall be inserted; (b) after the proviso, the following proviso shall be inserted, namely : Provided further that nothing in this sub clause shall apply to any expenditure which results directly or indirectly in the provision of any benefit or amenity or perquisite to an employee whose income chargeable under the head "Salaries" is seven thousand five hundred rupees or less..
View Complete Act List Judgments citing this sectionKarnataka Co-operative Societies Act, 1959 Section 89G
Title: Section 40 of Bombay Act 28 of 1947 Not to Apply to Alienation in Favour of Land Development Banks
State: Karnataka
Year: 1959
Nothing contained in section 40 of the Bombay Agricultural Debtors Relief Act, 1947, or any corresponding law for the time being in force in any part of the State shall apply to any alienation in favour of the1[Agriculture and Rural Development Bank]. _____________________ 1. Substituted by Act 5 of 1984 w.e.f. 9.1.1984.
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