Bare Act Search Results

Finance Act, 2001 Complete Act

State: Central

Year: 2001

FINANCE ACT, 2001 FINANCE ACT, 2001 14 of 2001 An Act to give effect to the financial proposals of the Central Government for the financial year 2001-2002 BE it enacted by Parliament in the Fifty-second Year of the Repub of India as follows :" SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called theFinance Act, 2001-. (2) Save as otherwise provided in this Act,section 2-toSection 101-shall be deemed to have come into force on the 1st day of April, 2001. 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, 2001, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income-tax calculated underChapter 8A of the Income-tax Act, 1961-(43 of 1961) (hereinafter referred to as the Income-tax Act) shall be increased," (a) in the cases to which Paragraphs A, B, C and D of that Part apply, by a surcharge for purposes of the Union; and (b) in the cases to which Paragraph E of that Part applies, by a surcharge, calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of.....

The Jharkhand Panchayat Raj Act, 2001 Complete Act

State: Jharkhand

Year: 2001

.....of the Patna Municipal Corporation Act, 1951 (Bihar Act XIII of 1952); Bihar & Orissa Municipal Act, 1922 (Bihar Act VII of 1922) or Cantonment Act, 1924 (Act II of 1924) apply. (iii) It shall come into force on such date as the Jharkhand Government may, by notification in the official gazette, appoint and different dates may be appointed for different areas and for different provisions. Section 2 - Definitions In this Act unless there is anything repugnant in the context : (i) "Population" means the population as ascertained at the last preceding census of which the relevant figures have been published; (ii) "Village" means a village specified by the State Government, by notification in the official gazette to be a village for the purposes of this Act, and includes a village or a group of villages/ Tolas so specified. The word "village" includes a revenue village; but in the scheduled area, a 'village' means any such village in The scheduled area in which there will ordinarily be a residence or a group of residences, or a tola or a group of tolas, comprising such community as manages its activities according to its customs and usages; (iii) "Gram Sabha" means a.....

Finance Act 2001 Schedule III

Title: Third Schedule

State: Central

Year: 2001

.....of opium and their derivatives; salts thereof: 2939.11 -- Concentrates of poppy straw; buprenorphine (INN), codeine, dihydrocodeine (INN), ethylmorphine, etorphine (INN), heroin, hydrocodone (INN), hydromorphone (INN), morphine, nicomorphine (INN), oxycodone (INN), oxymorphone (INN), pholcodine (INN), thebacon (INN) and thebaine; salts thereof 35% .. 2939.19 -- Other 35% .."; (b) after sub-heading No. 2939.42 and the entries relating thereto, the following sub-heading and entry shall be inserted, namely:-- "2939.43 -- Cathine (INN) and its salts 35% 25%"; (c) for sub-heading No. 2939.50 and the entries relating thereto, the following sub-headings and entries shall be substituted, namely:-- "-Theophylline and aminophylline (theophylline-ethylenediamine) and their derivatives; salts thereof: 2939.51 -- Fenetylline (INN) and its salts 35% 25% 2939.59 -- Other 35% 25%"; (d).....

THE KERALA HANDLOOM WORKERS' WELFARE FUND (AMENDMENT) ACT, 2001 [1] Complete Act

State: Kerala

Year: 2001

.....follows:-- 1. Short title and commencement.--(1) This Act may be called the Kerala Handloom Workers' Welfare Fund (Amendment) Act, 2001. (2) Sub-section (2) of section 4 of the Principal Act substituted by section 2 of this Act, shall be deemed to have come into force on the 1st day of June, 1989 and the remaining sections shall be deemed to have come into force on the 13th day of March, 2001. 2. Amendment of Section 4.-- For sub-sections (1), (2), (3) and (4) of section 4 of the Kerala Handloom Workers' Welfare Fund Act, 1989 (2 of 1989) (hereinafter referred to as the principal Act), the following sub-sections shall be substituted, namely:-- "(1) Every Handloom Worker shall contribute three rupees (Rs.3) per month and every self employed person shall contribute five rupees (Rs.5) per month to the Fund. (2) Every dealer shall contribute to the Fund, every year on the basis of his total annual sale proceeds at the rates specified in the schedule below:-- SCHEDULE Annual sale proceeds Contribution Upto 3 lakhs Nil Above 3 lakhs and upto 5 lakhs Rs. 500 Above 5 lakhs and upto 10 lakhs Rs. 750 Above 10 lakhs and upto 15 lakhs Rs.1000 Above 15 lakhs and upto.....

The Kerala Panchayat Raj (Amendment) Act, 2001 [1] Complete Act

State: Kerala

Year: 2001

.....2001. 2. Amendment of section 271 F.-- In the Kerala Panchayat Raj Act, 1994 (13 of 1994) (hereinafter referred to as the principal Act), in section 271 F, -- (i) in clause (f), for the words "constituted under section", the words "referred to in section" shall be substituted; (ii) in clause (h}, for the words "constituted under section", the words "referred to in section" shall be substituted; 3. Substitution of new section for section 271 G.-- In the Principal Act, for section 271 G, the following section shall be substituted, namely:-- "271 G. Term of office and conditions of Service of the Ombudsman.--(1) There shall be an authority for Local Self Government Institutions at State Level known as 'Ombudsman' for making investigations and enquiries, in respect of charges on any action involving corruption or maladministration or irregularities in the discharge of administrative functions, in accordance with the provisions of this Act by Local Self Government Institutions and Public Servants working under them and for the disposal of such complaint in accordance with section 271 Q. (2) The Governor shall, on the advice of the Chief.....

Finance Act 2001 Chapter 3

Title: Direct Taxes

State: Central

Year: 2001

.....consists of a house or part of a house which - (a) is in the occupation of the owner for the 'purposes of his own residence; or (b) 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 or part of the house shall be taken to be nil. (3) The provisions of sub-section (2) shall not apply if- (a) the house or part of the house is actually let during the whole or any part of the previous year; or (b) any other benefit there from is derived by the owner. (4) Where the property referred to in sub-section (2) consists of more than one house (a) the provisions of that sub-section shall apply only in respect of one of such houses, which the assessee may, at his option, specify in this behalf ; (b) the annual value of the house or houses, other than the house in respect of which the assessee has exercised an option under clause (a), shall be determined under sub-section (1) as if such house or houses had been let.". Section 15 - Substitution of new section for section 24.....

Finance Act 2001 Section 50

Title: Amendment of Section 94

State: Central

Year: 2001

In section 94 of the Income-tax Act, with effect from the 1st day of April, 2002,- (a) after sub-section (6) but before the Explanation, the following sub-section shall be inserted, namely :- "(7) Where- (a) any person buys or acquires any securities or unit within a period of three months prior to the record date; (b) such person sells or transfers such securities or unit within a period of three months after such date; (c) the dividend or income on such securities or unit received or receivable by such person is exempt, then, the loss, if any, arising to him on account of such purchase and sale of securities or unit, to the extent such loss does not exceed the amount of dividend or income received or receivable on such securities or unit, shall be ignored for the purposes of computing his income chargeable to tax." ; (b) in the Explanation occurring at the end,- (i) after clause (a), the following clause shall be inserted, namely :- '(aa) "record date" means such date as may be fixed by a company or a Mutual Fund or the Unit Trust of India for the purposes of entitlement of the holder of the securities or the unit-holder, to receive dividend or income, as the.....

Finance Act 2001 Schedule I

Title: The First Schedule

State: Central

Year: 2001

..... (4) Notwithstanding anything contained in this rule, no loss which has not been determined by the Assessing Officer under the provisions of these rules or the rules contained in Part IV of the First Schedule to the Finance Act, 1993 (38 of 1993), or of the First Schedule to the Finance Act, 1994 (32 of 1994), or of the First Schedule to the Finance Act, 1995 (22 of 1995), or of the First Schedule to the Finance (No. 2) Act, 1996 (33 of 1996), or of the First Schedule to the Finance Act, 1997 (26 of 1997), or of the First Schedule to the Finance (No. 2) Act, 1998 (21 of 1998), or of the First Schedule to the Finance Act, 1999 (27 of 1999), or of the First Schedule to the Finance Act, 2000 (10 of 2000), shall be set off under sub-rule (1) or, as the case may be, sub-rule (2). Rule 9.--Where the net result of the computation made in accordance with these rules is a loss, the loss so computed shall be ignored and the net agricultural income shall be deemed to be nil. Rule 10.--The provisions of the Income-tax Act relating to procedure for assessment (including the provisions of section 288A relating to rounding off of income) shall, with the necessary modifications, apply in.....

ADVOCATES WELFARE FUND ACT, 2001 Chapter V

Title: MEMBERSHIP AND PAYMENT OUT OF ADVOCATES' WELFARE FUND

State: Central

Year: 2001

.....ninety days of the passing of any order by it under the provisions of this Act, review such order, if it was passed under any mistake, whether of fact or of law or in ignorance of any material fact: Provided that the Trustee Committee shall not pass any order under this section adversely affecting any person unless such person has been given an opportunity of being heard. Section 21 - Payment of amount on cessation of practice (1) Every advocate who has been amember of the Fund for a period of not less than five years shall, on his cessation of practice, be paid an amount at the rate specified in Schedule I: Provided that where the Trustee Committee is satisfied that a member of the Fund ceases to practice within a period of five years from the date of his admission as a member of such Fund as a result of any permanent disability, the Trustee Committee may pay such member an amount at the rate specified in Schedule I. (2) Where a member of the Fund dies before receiving the amount payable under subsection (1), his nominee or legal heir, as the case may be, shall be paid the amount payable to the deceased member of the Fund. Section 22 - Restriction on alienation,.....

Advocates Welfare Fund Act, 2001 Section 20

Title: Review

State: Central

Year: 2001

The Trustee Committee may, on its own motion or on an application received from any person interested, within ninety days of the passing of any order by it under the provisions of this Act, review such order, if it was passed under any mistake, whether of fact or of law or in ignorance of any material fact: Provided that the Trustee Committee shall not pass any order under this section adversely affecting any person unless such person has been given an opportunity of being heard.