Bare Act Search Results

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Preamble 1

Title: Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961

State: Central

Year: 1961

THE VOLUNTARY SURRENDER OF SALARIES (EXEMPTION FROM TAXATION) ACT, 1961 [Act, No. 46 of 1961] [6th December, 1961] PREAMBLE An Act to provide for exempting from, taxes on income a portion of the salary or allowances payable to any person who has in the public interest volunteered to forego it. BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows :

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Section 2

Title: Exemption from Taxes on Income in Respect of Salaries Surrendered in Favour of Government

State: Central

Year: 1961

Notwithstanding anything contained in the Indian Income-tax Act, 1922, or in any other law for the time being in force relating to taxation on income, no income-tax or super-tax shall be payable by any person (a) where his salary is paid out of the Consolidated Fund of India or of the Consolidated Fund of a State, in respect of that part of the salary due to him for any period after the 31st day or March, 1961, which he has, by a declaration in writing, volunteered to forego in the public interest. (b) in any other case, in respect of that part of the salary which is due to him for any period after the 31st day of March, 1961, which has been in the public interest, surrendered in favour of, and paid to, the Central Government in accordance with the rules made in this behalf by that Government; and such part of the salary shall not be included in his total income for the purposes of any law relating to taxation on income,

Voluntary Surrender of Salaries (Exemption from Taxation) Rules, 1962 Complete Act

State: Central

Year: 1962

.....disbursing authority shall, before the 31st day of March in each year, deliver or cause to be delivered to the Income-tax Officer referred to in sub-rule (2) of rule 32 of the Income-tax Rules, 1962, a return for the year ending on that date in Form II, verified in the manner provided therein. FORM: FORM OF DECLARATION FOR SURRENDERING PART OF SALARY OF ALLOWANCES I hereby declare that I have, in the public interest, voluntarily surrendered in favour of the Central Government the following amount out of the salary and allowances due to me for the month of........in the year.............. or for each of the months beginning with the month of......in the year.....and ending with the month of..............in the year. Rs. P. Amount surrendered- (i) Out of salary ... (ii) Out of allowances ... The amounts surrendered by me out of the salary or allowances mentioned above should be paid to the credit of the Central Government *Delete the inapplicable words within seven days of their becoming due to me. Date............. Place............ Signature of the employee N.B.-A separate declaration in the above form shall be made by the employee for each financial year beginning on the 1st day.....

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Complete Act

State: Central

Year: 1961

.....days, which may be comprised in one session or in two successive sessions, and if, before the expiry of the session in which it is so laid or the session immediately following, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule. SECTION 05: REPEAL (1) The Voluntary Surrender of Salaries (Exemption from Taxation) Act 1950, is hereby repealed, (2) Notwithstanding such repeal any declaration made under the said Act shall be deemed to be a declaration made for the purposes of this Act. Central Bare Acts

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Section 1

Title: Short Title

State: Central

Year: 1961

This Act may be called the Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961.

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Section 5

Title: Repeal

State: Central

Year: 1961

(1) The Voluntary Surrender of Salaries (Exemption from Taxation) Act 1950, is hereby repealed. (2) Notwithstanding such repeal any declaration made under the said Act shall be deemed to be a declaration made for the purposes of this Act.

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Complete Act

Title: Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961

State: Central

Year: 1961

Preamble1 - VOLUNTARY SURRENDER OF SALARIES (EXEMPTION FROM TAXATION) ACT, 1961 Section1 - Short title Section2 - Exemption from taxes on income in respect of salaries surrendered in favour of Government Section3 - Provisions of section 2 to apply to allowances Section4 - Power to make rules Section5 - Repeal

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Section 3

Title: Provisions of Section 2 to Apply to Allowances

State: Central

Year: 1961

The provisions of section 2 shall apply in relation to any allowances due to any such person as is referred to therein for any period after the 31st day of March, 1961 as they apply in relation to his salary.

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Section 4

Title: Power to Make Rules

State: Central

Year: 1961

(1) The Central Government may, by notification in the Official Gazette, make rules to carry out the purposes of this Act, (2) Every rule made under this section shall be laid, as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days, which may be comprised in one session or1[in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid], both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule. ________________________ 1. Sub stituted for the words "in two successive sessions, and if, before the expiry of the session in which it is so laid or the session, immediately following" by Delegated Legislation Provisions (Amendment) Act (4 of 1986 ), Section 2 , Schedule (15 -6 -86 ).

Karnataka Land Reforms Act, 1961 Section 67

Title: Surrender of Land in Certain Cases

State: Karnataka

Year: 1961

.....shall be deemed to have been surrendered by such person.] (4) If the person concerned does not file such statement within the prescribed period, the1[Tribunal] may5[itself] select the land which shall be surrendered by the person concerned, and pass an order to that effect; and thereupon the said land shall be deemed to have been surrendered by such person. (5) An order under sub-section6[(3), (3A) or (4)] relating to surrender of land shall be passed in respect of land which, as far as practicable, forms a survey number, or a recognised part of survey number of a sub-division of a survey number. _______________________________ 1. Substituted by Act 44 of 1976 w.e.f. 2.6.1976. 2. Inserted by Act 3 of 1982 w.e.f. 25.11.1980. 3. Inserted by Act 1 of 1974 w.e.f. 1.3.1974. 4. Sub-section 3 and 3A substituted by Act 1 of 1974 w.e.f. 1.3.1974. 5. Substituted by Act 23 of 1977 w.e.f. 1.3.1974. 6. Substituted by Act 1 of 1974 w.e.f. 1.3.1974.