Bare Act Search Results

Finance Act, 2005 Complete Act

State: Central

Year: 2005

FINANCE ACT, 2005 FINANCE ACT, 2005 18 of 2005 CHAPTER 1: PRELIMINARY: Section 1: Short title and commencement: (1) This Act may be called the Finance Act, 2005. (2) Save as otherwise provided in this Act, Sections 2 to 64 shall be deemed to have come into force on the 1st day of April, 2005. CHAPTER 2: RATES OF INCOME TAX: SECTION 2: Income tax: (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2005, income tax shall be charged at the rates special in Part I of the First Schedule and such tax as reduced by the debate of income tax calculated under Chapter VIII-A of the Income Tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income Tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds fifty thousand rupees, then, (a) the net agricultural income shall be taken into.....

Finance Act 2005 Chapter 3

Title: Direct Taxes

State: Central

Year: 2005

.....namely:- "(d) an eligible transaction in respect of trading in derivatives referred to in clause (aa) of section 2 of the Securities Contracts (Regulation) Act, 1956(42 of 1956) carried out in a recognised stock exchange;"; (B) after the proviso, the following Explanation shall be inserted, namely:- 'Explanation.-For the purposes of this clause, the expressions-- (i) "eligible transaction" means any transaction,- (A) carried out electronically on screen-based systems through a stock broker or sub-broker or such other intermediary registered under section 12 of the Securities and Exchange Board of India Act, 1992(15 of 1992) in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956(42 of 1956) or the Securities and Exchange Board of India Act, 1992 or the Depositories Act, 1996(22 of 1996) and the rules, regulations or bye-laws made or directions issued under those Acts or by banks or mutual funds on a recognised stock exchange; and (B) which is supported by a time stamped contract note issued by such stock broker or sub-broker or such other intermediary to every client indicating in the contract note the unique client identity.....

The Haryana Fiscal Responsibility and Budget Management Act, 2005 Complete Act

State: Haryana

Year: 2005

.....lie against the State Government or any officer of the State Government for anything which is in good faith done or intended to be done under this Act or the rules made thereunder. 13. Application of other laws not barred.- 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. 14. Power to remove difficulties.- (1) If any difficulty arises in giving effect to the provisions of this Act, the State Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to be necessary for removing the difficulty: Provided that no order shall be made under this section after the expiry of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon as may be after it is made, before the State Legislature. 15. Power to make rules.- (1) The State Government may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide.....

The Assam Women (Reservation of Vacancies in Services and Posts) Act, 2005 Complete Act

State: Assam

Year: 2005

.....any industry, trade, business or occupation which is not an establishment in public sector; (e) "Schedule" means the Scheduled appended to this Act. Act not to apply in relation to certain employments. 3. This Act shall not apply in relation to - (a) any employment under the Central Government; (b) any employment in the Assam Judicial Service Grade-1. Reservation for women in vacancies to be filled up by direct recruitment. 4. At the commencement of this Act, 30 percent of the vacancies in respect of all appointments to the services and posts in the establishment which are to be filled up by direct recruitment shall be reserved for the women candidates: Provided that the aforesaid reservation shall be inclusive of the reservation provided statutorily or otherwise to the Scheduled Castes, Scheduled Tribes (Plains), Scheduled Tribes (Hills). Other Backward Classes. More Other Backward Classes and persons with disabilities within the respective reserved category: Provided further that 30 percent reservation of the vacancies in respect of the Women for the remaining unreserved Category of candidates shall be available to the Women of unreserved category only. .....

The Chhattisgarh Fiscal Responsibility and Budget Management Act, 2005 Complete Act

State: Chattisgarh

Year: 2005

THE CHHATTISGARH FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2005 THE CHHATTISGARH FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2005 [Act No. 16 of 2005] ( Published in Chhattisgarh Rajpatra (Asadharan) dated 2-9-2005 Pages 410(44-48).) [2nd September, 2005] PREAMBLE An Act to provide for the responsibility of the State Government to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit, reduction in fiscal deficit, prudent debt management consistent with fiscal sustainability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term framework and for matters connected therewith or incidental thereto. Be it enacted by the Chhattisgarh State Legislature in the Fifty-sixth Year of the Republic of India as follows:- Section 1 - Short title, extent and commencement (1) This Act may be called the Chhattisgarh fiscal Responsibility and Budget Management Act, 2005. (2) It extends to the whole of State of Chhattisgarh. (3) It shall come into force from the date of its publication in the official Gazette. Section 2 - Definitions In this Act, unless.....

The Himachal Pradesh Fiscal Responsibility & Budget Management Act, 2005 Complete Act

State: Himachal

Year: 2005

.....the current and future years by curtailing the sums authorized to be paid and applied from and out of the Consolidated Fund of the State under any Act enacted by Legislative Assembly to provide for the appropriation of such sums, or by taking interim measures for revenue augmentation, or by taking up a combination of both. Provided that nothing in this sub-section shall apply to the expenditure charged on the Consolidated Fund of the State under clause (3) of article 202 of the Constitution. Section 8 - Powers to make rules (1) The State Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Act. Sub-section (2) subs. vide Act No. 26 of 2005. [(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:- (a) the measures for evaluation of the fiscal position of the State Government under Clause(f) of section 2; (b) the fiscal indicators under sub-section (2) of section 3; (c) the form of medium term fiscal plan under sub-section (4) of Section 3; (d) the form of statements for disclosure under clauses (a), (b) and .....

The Orissa Fiscal Responsibility and Budget Management Act, 2005 Complete Act

State: Orissa

Year: 2005

.....of statement under sub-section (2) of section 6; and (d) any other matter which is required to be and not inconsistent with the provisions of !he Act. 10. Rules to be laid. Every rule made under this Act shall, as soon as may be after it is made, be laid before the State Legislature for a total period of fourteen days which may be comprised in one or more sessions and if during the said period the Stale Legislature makes modifications, if any, therein, the rule shall thereafter, have effect only in such modified form so, however, that such modification shall be without prejudice to the validity of anything previously done under that rule. 11. Protection of action taken in good faith. No suit, prosecution or other legal proceedings shall lie against the State Government or any officer of the State Government for anything which is in good faith done or intended to be done under this Act or the rules made thereunder, 12. Application of other laws not barred. The provisions of this Ad shall be in addition to and not in derogation of the provisions of any other law for the time being in force. 13. Power to remove difficulties. (1) Any difficulty arises in giving.....

The Chhattisgarh Value Added Sales Tax Act, 2005 Complete Act

State: Chattisgarh

Year: 2005

THE CHHATTISGARH VALUE ADDED SALES TAX ACT, 2005 THE CHHATTISGARH VALUE ADDED SALES TAX ACT, 2005 [Act No. 2 of 2005] [ Published in C.G. Rajpatra (Asadharan) dated 24-3-2005 Pages 108(89-155).] [24th March, 2005] PREAMBLE An Act to levy tax on sales and purchases of goods in the State of Chhattisgarh. Be it enacted by the Chhattisgarh Legislature in the Fifty-fourth Year of the Republic of India as follows:-- Section 1 - Short title, extent and commencement (1) This Act may be called the Chhattisgarh Value Added Sales Tax Act, 2005. (2) It extends to the whole of Chhattisgarh. (3) It shall come into force on such date as the State Government may, by notification, appoint. Section 2 - Definitions In this Act, unless there is anything repugnant in the subject of context-- (a) "Appellate Deputy Commissioner" means an Appellate Deputy Commissioner of Sales Tax appointed under Section 3 and includes an Additional Appellate Deputy Commissioner of Sales Tax; (b) "Assistant Commissioner" means an Assistant Commissioner of Sales Tax appointed under Section 3 and includes an Additional Assistant Commissioner of Sales Tax; (c) "Board" means Board of.....

The Haryana Fiscal Responsibility and Budget Management (Amendment) Act, 2005 Complete Act

State: Haryana

Year: 2005

.....HARYANA FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT (AMENDMENT) ACT, 2005 THE HARYANA FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT (AMENDMENT) ACT, 2005 [Act No. 8 of 2006] PREAMBLE AN ACT Further to amend the Haryana Fiscal Responsibility and Budget Management Act. 2005. Be it enacted by the Legislature of the State of Haryana in the Fifty-sixth Year of the Republic of India as follows :-- Section 1 - Short title This Act may be called the Haryana Focal Responsibility and Budget Management (Amendment Act. 2005. Section 2 - Amendment of section 2 of Haryana Act 6 of 2005 In Section 2 Of the Haryana Fiscal Responsibility and Budget Management Act. 2005 (hereinafter called the principal Act).-- (i) the existing clause (a) shall be re-numbered as clause (aa) (hereof and before the clause so re-nurnbered, the following clause shall be inserted, namely:-- (a) "aided institution employee" means a person in the wholetime employment of any primary school, secondary school, college, university or technical education institution recognised and aided by the State Government for payment of salary, etc.": (ii) after clause (i), following clause shall be inserted,.....

Finance Act 2005 Section 48

Title: Amendment of Section 194a

State: Central

Year: 2005

In section 194A of the Income-tax Act, in sub-section (3), with effect from 1st day of June, 2005,-- (i) after clause (ix), the following clause shall be inserted, namely:- "(x) to such income which is paid or payable by an infrastructure capital company or infrastructure capital fund or a public sector company in relation to a zero coupon bond issued on or after the 1st day of June, 2005 by such company or fund or public sector company;"; (ii) for the Explanation, the following Explanations shall be substituted, namely:- "Explanation 1.--For the purposes of clauses (i), (vii) and (viia), "time deposits" means deposits (excluding recurring deposits) repayable on the expiry of fixed periods. Explanation 2.--For the purposes of clause (x), "infrastructure capital company" and "infrastructure capital fund" shall have the meanings respectively assigned to them in clauses (a) and (b) of Explanation 1 to clause (23G) of section 10.".