Bare Act Search Results

Finance Act, 1986 Chapter III

Title: Direct Taxes Income-tax

State: Central

Year: 1986

.....shall be substituted, namely :- "(3) Where the property referred to in sub-section (2) consists of one residential house only and it cannot actually be occupied by the owner by reason of the fact that owing to his employment, business or profession carried on at any other place, he has to reside at that other place in a building not belonging to him, the annual value of such house shall be taken to be nil: Provided that the following conditions are fulfilled, namely :- (i) such house is not actually let, and (ii) no other benefit therefrom is derived by the owner.". Section 6 - Amendment Of Section 24 In section 24 of the Income-tax Act, for sub-section (2), the following sub-sections shall be substituted with effect from the 1st day of April, 1987, namely :- "(2) No deduction shall be allowed under sub-section (1) in respect of property of the nature referred to in sub-clause (i) of clause (a) of sub-section (2), or sub-section (3), of section 23 : Provided that nothing in this sub-section shall apply to the allowance of a deduction under clause (vi) of sub-section (1) of an amount not exceeding five thousand rupees in respect of the property of the nature.....

Finance Act, 1986 Section 12

Title: Amendment of Section 54e

State: Central

Year: 1986

In section 54E of the Income-tax Act, in sub-section (1), in Explanation 1, with effect from the 1st day of April, 1987, - (a) in clause (c), after the words, figures and letters "after the 28th day of February, 1983", the words, figures and letters "but before the 1st day of April, 1986" shall be inserted; (b) after clause (c) as so amended, the following clause shall be inserted, namely :- '(d) in a case where the original asset is transferred after the 31st day of March, 1986, any of the assets specified in clause (c) and such bonds issued by any public sector company, as the Central Government may, by notification in the Official Gazette, specify in this behalf. Explanation : For the purposes of this clause, "public sector company" means any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956).'.

Finance Act, 1986 Section 20

Title: Amendment of Section 80l

State: Central

Year: 1986

In section 80L of the Income-tax Act, with effect from the 1st day of April, 1987, - (a) in sub-section (1), for clause (ii), the following clause shall be substituted, namely :- '(ii) interest on such debentures, issued by any institution or authority, or any public sector company, or any co-operative society (including a co-operative land mortgage bank or a co-operative land development bank), as the Central Government may, by notification in the Official Gazette, specify in this behalf. Explanation : For the purposes of this clause, "public sector company" means any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956);'; (b) sub-section (2) shall be omitted.

Finance Act, 1986 Section 29

Title: Amendment of Section 193

State: Central

Year: 1986

In section 193 of the Income-tax Act, in the proviso, for clause (iib), the following clause shall be substituted with effect from the 1st day of June, 1986, namely :- '(iib) any interest payable on such debentures, issued by any institution or authority, or any public sector company, or any co-operative society (including a co-operative land mortgage bank or a co-operative land development bank), as the Central Government may, by notification in the Official Gazette, specify in this behalf. Explanation: For the purposes of this clause, "public sector company" means any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956); or'.

Finance Act, 1986 Section 40

Title: Amendment of Act 27 of 1957

State: Central

Year: 1986

WEALTH-TAX In section 5 of the Wealth-tax Act, 1957, - (a) in sub-section (1), - (i) after clause (xvid), the following clause shall be inserted, namely :- '(xvie) in the case of an individual or a Hindu undivided family, such debentures issued by a public sector company, as the Central Government may, by notification in the Official Gazette, specify in this behalf. Explanation : For the purposes of this clause, "public sector company" means any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956);'; (ii) in clause (xxxiii), - (A) in the opening paragraph, after the words "out of such moneys", the words "within one year immediately preceding the date of his return and at any time thereafter" shall be inserted with effect from the 1st day of April, 1987; (B) the Explanation shall be numbered as Explanation 1 and after Explanation 1 as so numbered, the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1977, namely :- "Explanation 2 : For the removal of doubts, it is hereby declared that.....

Juvenile Justice Act, 1986 [Repealed] Chapter VII

Title: Miscellaneous

State: Central

Year: 1986

.....passed. Repealing Act 1 - JUVENILE JUSTICE (CARE AND PROTECTION OF CHILDREN) ACT, 2000 THE JUVENILE JUSTICE (CARE AND PROTECTION OF CHILDREN) ACT, 2000 [Act, No. 56 of 2000] [30th December, 2000] PREAMBLE An Act to consolidate and amend the law relating to juveniles in conflict with law and children in need of care and protection, by providing for proper care, protection and treatment by catering to their development needs, and by adopting a child-friendly approach in the adjudication and disposition of matters in the best interest of children and for their ultimate rehabilitation through various institutions established under this enactment. Whereas the Constitution has, in several provisions, including clause (3) of article 15, clauses (e) and (f) of article 39, articles 45 and 47, impose on the State a primary responsibility of ensuring that all the needs of children are met and that their basic human rights are fully protected; And Whereas, the General Assembly of the United Nations has adopted the Convention on the Rights of the Child on the 20th November, 1989; And Whereas, the Convention on the Rights of the Child has prescribed a set of standards to.....

Juvenile Justice Act, 1986 [Repealed] Repealing Act 1

Title: Juvenile Justice (Care and Protection of Children) Act, 2000

State: Central

Year: 1986

..... Repealing Act 1 - JUVENILE JUSTICE (CARE AND PROTECTION OF CHILDREN) ACT, 2000 THE JUVENILE JUSTICE (CARE AND PROTECTION OF CHILDREN) ACT, 2000 [Act, No. 56 of 2000] [30th December, 2000] PREAMBLE An Act to consolidate and amend the law relating to juveniles in conflict with law and children in need of care and protection, by providing for proper care, protection and treatment by catering to their development needs, and by adopting a child-friendly approach in the adjudication and disposition of matters in the best interest of children and for their ultimate rehabilitation through various institutions established under this enactment. Whereas the Constitution has, in several provisions, including clause (3) of article 15, clauses (e) and (f) of article 39, articles 45 and 47, impose on the State a primary responsibility of ensuring that all the needs of children are met and that their basic human rights are fully protected; And Whereas, the General Assembly of the United Nations has adopted the Convention on the Rights of the Child on the 20th November, 1989; And Whereas, the Convention on the Rights of the Child has prescribed a set of standards to.....

Bureau of Indian Standards Act, 1986 Complete Act

State: Central

Year: 1986

..... (1) On and from the date of establishment of the Bureau.- (a) any reference to the Indian Standards Institution in any law other than this Act or in any contract or other instrument shall be deemed as a reference to the Bureau: (b) all properties and assets, movable and immovable, of, or belonging to. the Indian Standards Institution shall vest in the Bureau: (c) all the rights and liabilities of the Indian Standards Institution shall be transferred to, and be the rights and liabilities of, the Bureau; (d) without prejudice to the provisions of clause (c), all debts, obligations and liabilities incurred, all contracts entered into and all matters and things engaged to be done by, with or for the Indian Standards Institution immediately before that date. for or in connection with the purposes of the said Institution shall be deemed to have been incurred, entered into. or engaged to be done by with or for the Bureau, (e) all sums of money due to the Indian Standards Institution immediately before that date shall be deemed to be due to the Bureau, (f) all suits and other legal proceedings instituted or which could have been instituted by or against the Indian.....

Consumer Protection Act, 1986 Complete Act

State: Central

Year: 1986

.....of spurious goods or offering such goods for sale or adopting deceptive practices in the provision of services. (2) Any reference in this Act to any other Act or provision thereof which is not in force in any area to which this Act applies shall be construed to have a reference to the corresponding Act or provision thereof in force in such area. SECTION 03: ACT NOT IN DEROGATION OF ANY OTHER LAW The provisions of this Act shall be in addition to and not in derogation of the provisions of any other law for the time being in force. CHAPTER 02: CONSUMER PROTECTION COUNCILS SECTION 04: THE CENTRAL CONSUMER PROTECTION COUNCIL (1)24["The Central Government shall"] , by notification, establish with effect from such date as it may specify in such notification, a Council to be known as the Central Consumer Protection Council (hereinafter referred to as the Central Council). (2) The Central Council shall consist of the following members, namely :- (a) the Minister in charge of22[consumer affairs] in the Central Government, who shall be its Chairman, and (b) such number of other official or non-official members representing such interests as may be prescribed .....

Finance Act, 1986 Complete Act

State: Central

Year: 1986

FINANCE ACT, 1986 FINANCE ACT, 1986 23 of 1986 An Act to give effect to the financial proposals of the Central Government for the financial year 1986-87 BE it enacted by Parliament in the Thirty-seventh Year of the Republic of India as follows :--- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The Finance Act 1986. (2) Save as otherwise provided in this Act, sectioins 2-to47-(excepts ections 27-,34-,35-and36-) shall be deemed to have come into force on the 1st day of April, 1986. 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, 1986, income-tax shall be charged at the rates specified in Part I of the First Schedule and shall be increased in the cases to which Paragraph E of that Part applies, by a surcharge, calculated in each case in the manner provided therein :- Provided that where an assessee, being a company, has made, during the financial year commencing on the 1st day of April, 1985 any deposit with the Industrial Development Bank of India established under theIndustrial Development Bank of India Act, 1964-, under the Companies Deposits.....