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Home Bare Acts Phrase: tax write offKarnataka Agricultural Produce Marketing (Regulation) Act, 1966 Section 71
Title: Power to Write off Irrecoverable Amount
State: Karnataka
Year: 1966
1 [71. Power to write off irrecoverableamount A market committee may write off any amount (other than market fee) whatsoever due to it, whether under a contract or otherwise, or any amount payable in connection therewith if in its opinion such amount is irrecoverable: Provided that the market committee shall before writing off any such amount, obtain the sanction of,- (i) the Director of Agricultural Marketing, if the amount exceeds five hundred rupees but does not exceed five thousand rupees; (ii) the State Government, if the amount exceeds five thousand rupees;] _______________ 1. Substituted by Act 16 of 1991 w.e.f.1.8.1991
View Complete Act List Judgments citing this sectionBombay Khadi and Village Industries Act, 1960, (Maharashtra) Section 26B
Title: Power of Board to Write off Losses
State: Maharashtra
Year: 1960
.....losses upto two hundred rupees in an individual case, but not exceeding two thousand rupees, in the aggregate in any financial year. (2) On any loss being written off, the Board shall send to the State Government detailed report thereof, together with a report on the action taken (if any) against any person or persons, responsible for the loss : Provided that, cases involving losses not exceeding two hundred rupees need not be reported to the State Govern ment, unless in the opinion of the Board there are important features connected with such losses, which required proper investigation and consideration.] _________________ 1. Section 26B was inserted by Mah. 28 of 1965, section 33.
View Complete Act List Judgments citing this sectionMajor Port Trusts Act, 1963 Section 96
Title: Writing off of Losses
State: Central
Year: 1963
.....not exceed, in any individual case and in the aggregate in any year, such amounts as the Central Government may, from time to time, by order, fix and different amounts may be fixed with respect to different Boards.] ________________________ 1 . Substituted by the Major Port Trusts (Amdt.) Act (17 of 1982), S. 15 (31-5-1982). 2 . Substituted for the words "such amount or loss does not exceed, in any individual case, one thousand rupees 'or in the aggregate in any one year, twenty thousand rupees; and in every such case the Chairman shall make a report to the Board giving reasons for such sanction," by the Major Port Trusts (Amendment) Act (17 of 1982), Section 15 (31-5-1982).
View Complete Act List Judgments citing this sectionTea Act, 1953 Section 28a
Title: Writing off of Lossesection
State: Central
Year: 1953
1[28A. Writing Off Of Losses Subject to such conditions as may be specified by the Central Government, where the Board is of opinion that any amount due to, or any loss, whether of money or of property, incurred by the Board is irrecoverable, the Board may, with previous approval of the Central Government, sanction the writing off finally of the said amount or loss: Provided that no such approval of the Central Government shall be necessary where such irrecoverable amount or loss does not exceed in any individual case and in the agreement in any year such amounts as may be prescribed.] _________________________ 1. Inserted by Tea (Amendment) Act (24 of 1986), Section 3 (w.e.f. 15-8-1986).
View Complete Act List Judgments citing this sectionTobacco Board Act, 1975 Section 18A
Title: Writing off of Losses
State: Central
Year: 1975
1[ 18A . Writing off of losses Subject to such conditions as may be specified by the Central Government, where the Board is of opinion that any amount due to, or any toss, whether of money or of property, incurred by, the Board is irrecoverable, the Board may, with the previous approval of the Central Government, sanction the writing off finally of the said amount or less : Provided that no such approval of the Central Government shall be necessary when: such irrecoverable amount or loss does not exceed in any individual case and in the aggregate in any year such amounts as may be prescribed.] _______________________ 1. Inserted by Tobacco B oard (Amdt.) Act (57 of 1985 ), Section. 8 (1 -2 -85 ).
View Complete Act List Judgments citing this sectionKarnataka Panchayat Raj Act, 1993 Section 245
Title: Power to Write off Irrecoverable Amounts
State: Karnataka
Year: 1993
Subject to such restrictions as may be prescribed, a Grama Panchayat may write off any tax, fee, rate or other amount whatsoever due to it, whether under a contract or otherwise, or any sum payable in connection therewith if, in its opinion, such tax, fees, rate or other amount or sum is irrecoverable: Provided that, no sum exceeding one thousand rupees shall be written off except with the previous sanction of the Taluk Panchayat.
View Complete Act List Judgments citing this sectionKarnataka Panchayat Raj Act, 1993 Section 252
Title: Power to Write off Irrecoverable Sums
State: Karnataka
Year: 1993
Subject to such restrictions as may be prescribed, a Taluk Panchayat may write off any sum due to it, whether under a contract or otherwise, or any sum payable in connection therewith if, in its opinion, such sum is irrecoverable: Provided that, no sum exceeding one thousand rupees shall be written off except with the previous sanction of the Zilla Panchayat.
View Complete Act List Judgments citing this sectionKarnataka Panchayat Raj Act, 1993 Section 261
Title: Power to Write off Irrecoverable Sums
State: Karnataka
Year: 1993
Subject to such restrictions as may be prescribed, a Zilla Panchayat may write off any sum due to it, whether under a contract or otherwise, or any sum payable in connection therewith if, in its opinion, such sum is irrecoverable: Provided that, no sum exceeding one thousand rupees shall be written off except with the previous sanction of the Government.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 41
Title: Profits Chargeable to Tax
State: Central
Year: 1961
.....machinery, plant or furniture, (a) which is owned by the assessee: (b) in respect of which depreciation is claimed under clause (i) of sub-section (1) of section 32; and (c) which was or has been used for the purposes of business, is sold, discarded, demolished or destroyed and the moneys payable in respect of such building, machinery, plant or furniture, as the case may be, together with the amount of scrap value, if any, exceeds the written down value, so much of the excess as does not exceed the difference between the actual cost and the written down value shall be chargeable to income-tax as income of the business of the previous year in which the moneys payable for the building, machinery, plant or furniture became due. Explanation: Where the moneys payable in respect of the building, machinery, plant or furniture referred to in this sub-section become due in a previous year in which the business for the purpose of which the building, machinery, plant or furniture was being used is no longer in existence, the provision of this sub-section shall apply as if the business is in existence in that previous year.] (3) Where an asset representing expenditure of.....
View Complete Act List Judgments citing this sectionEMPLOYEES' STATE INSURANCE ACT, 1948 Section 91C
Title: Writing off of losses
State: Central
Year: 1948
Subject to the conditions as may be prescribed by the Central Government, where the Corporation is of opinion that the amount of contribution, interest and damages due to the Corporation is irrecoverable, the Corporation may sanction the writing off finally of the said amount.]
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