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Home Bare Acts Phrase: section 48Finance Act 1997 Section 18
Title: Amendment of Section 48
State: Central
Year: 1997
In section 48 of the Income-tax Act, after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 1998, namely :- "Provided also that nothing contained in the second proviso shall apply to the long-term capital gain arising from the transfer of a long-term capital asset being bond or debenture other than capital indexed bonds issued by the Government.".
View Complete Act List Judgments citing this sectionPatents (Amendment) Act, 2005 Section 36
Title: Amendment of Section 48
State: Central
Year: 2005
In section 48 of the principal Act, the proviso shall be omitted.
View Complete Act List Judgments citing this sectionFinance (No. 2) Act, 2004 Section 12
Title: Amendment of Section 48
State: Central
Year: 2004
In section 48 of the Income-tax Act, after the fourth proviso and before the Explanation, the following proviso shall be inserted with effect from the 1st day of April, 2005, namely:-- "Provided also that no deduction shall be allowed in computing the income chargeable under the head "Capital gains" in respect of any sum paid on account of securities transaction tax under Chapter VII of the Finance (No. 2) Act, 2004.".'.
View Complete Act List Judgments citing this sectionFinance Act 2001 Section 141
Title: Omission of Section 48 of Act 53 of 1987
State: Central
Year: 2001
Section 48 of the National Housing Bank Act, 1987 shall be omitted with effect from the 1st day of April, 2002.
View Complete Act List Judgments citing this sectionDeposit Insurance Corporation (Amendment) Act.1968 Section 14
Title: Amendment of Section 48
State: Central
Year: 1968
In the Explanation to section 48 of the principal Act,- (i) in clause (a), after the words " and includes ", the words " a co-operative society or" shall be inserted; (ii) in clause (b), after the words " in the firm", the words "and in relation to a co-operative society includes any member of a committee of management or other managing body (by whatever name called) to which the management of the affairs of the bank is entrusted" shall be inserted.
View Complete Act List Judgments citing this sectionPatents (Amendment) Act, 2002 Section 25
Title: Substitution of New Section for Section 48
State: Central
Year: 2002
For section 48 of the principal Act, the following section shall be substituted, namely :-- "48. Rights of patentees.-- Subject to the other provisions contained in this Act and the conditions specified in section 47, a patent granted under this Act shall confer upon the patentee-- (a) where the subject matter of the patent is a product, the exclusive right to prevent third parties, who do not have his consent, from the act of making, using, offering for sale, selling or importing for those purposes that product in India; (b) where the subject matter of the patent is a process, the exclusive right to prevent third parties, who do not have his consent, from the act of using that process, and from the act of using, offering for sale, selling or importing for those purposes the product obtained directly by that process in India : Provided that the product obtained is not a product in respect of which no patent shall be granted under this Act.".
View Complete Act List Judgments citing this sectionFinance Act, 1992 Section 24
Title: Substitution of New Section for Section 48
State: Central
Year: 1992
For section 48 of the Income-tax Act, the following section shall be substituted with effect from the 1st day of April, 1993, namely :- 48. Mode of computation. - The income chargeable under the head "Capital gains" shall be computed, by deducting from the full value of the consideration received or accruing as a result of the transfer of the capital asset the following amounts, namely :- (i) expenditure incurred wholly and exclusively in connection with such transfer; (ii) the cost of acquisition of the asset and the cost of any improvement thereto : Provided that in the case of an assessee, who is a non-resident, capital gains arising from the transfer of a capital asset being shares in, or debentures of, an Indian company shall be computed by converting the cost of acquisition, expenditure incurred wholly and exclusively in connection with such transfer and the full value of the consideration received or accruing as a result of the transfer of the capital asset into the same foreign currency as was initially utilised in the purchase of the shares or debentures, and the capital gains so computed in such foreign currency shall be reconverted into Indian currency, so.....
View Complete Act List Judgments citing this sectionState Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Section 23
Title: Amendment of Section 48
State: Central
Year: 2007
In section 48 of the State Bank pf India (Subsidiary Banks) Act, in sub-section (2), for the words and figures "Indian Income-tax Act, 1922 (11 of 1922)", the words and figures "Income tax-Act, 1961 (43 of 1961)" shall be substituted.
View Complete Act List Judgments citing this sectionInformation Technology (Amendment) Act 2008 Section 25
Title: Amendment of Section 48
State: Central
Year: 2008
In section 48 of the principal Act, in sub-section (1), the word "Regulations" shall be omitted.
View Complete Act List Judgments citing this sectionJuvenile Justice (Care and Protection of Children) Amendment Act, 2011, (Central) Section 2
Title: Amendment of Section 48
State: Central
Year: 2011
In the Juvenile Justice (Care and Protection of Children) Act, 2000 (hereinafter referred to as the principal Act), in section 48, sub-section (2) shall be omitted.
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