Bare Act Search Results

Finance Act, 2008 Complete Act

State: Central

Year: 2008

.....the meaning given by Article 2 of Council Regulation (EC) No. 1407/2002 (state aid to coal industry). (3) The production of coal includes the extraction of it. Excluded activities: producing steel 20C In paragraph 16(ic) "steel" means any of the steel products listed in Annex 1 to the Guidelines on national regional aid (2006/C 54/08), published in the Official Journal on 4 March 2006." (6) The amendments made by this section have effect in relation to options granted on or after the day on which this Act is passed. SECTION 34: Tax credits for certain foreign distributions: (1) Schedule 12 contains provision about tax credits for certain foreign distributions. (2) The amendments made by that Schedule have effect for the tax year 2008-09 and subsequent tax years. SECTION 35: Small companies relief: associated companies: (1) Section 13 of ICTA (small companies' relief) is amended as follows. (2) In the second sentence of subsection (4) (meaning of "control" for purposes of definition of "associated company"), insert at the end "except that, in the application of subsection (6) of that section in relation to the company ("the taxpayer company") and another company.....

Wealth-tax Act, 1957 Section 17B

Title: Interest for Defaults in Furnishing Return of Net Wealth

State: Central

Year: 1957

.....section 16 or]on the basis of the earlier assessment aforesaid. 8 [*****] (4)Where, as a result of an order under section 23or section 24or section25or section 27or section 29or section 35or any order of the Wealth-tax Settlement Commissioner under sub-section (4)of section 22D,the amount of tax on which interest was payable under this section has beenincreased or reduced, as the case may be, the interest shall be increased orreduced accordingly, and, - (i) in a case where the interest is increased,the Assessing Officer shall serve on the assessee a notice of demand in theprescribed form specifying the sum payable, and such notice of demand shall bedeemed to be a notice under section 30and the provisions of this Act shall apply accordingly, and (ii)in a case where the interest is reduced, the excess interest paid, if any, shallbe refunded. (5)The provisions of this section shall apply in respect of assessments for theassessment year commencing on the 1stday of April, 1989and subsequent assessment years.] ___________________________ 1.Inserted by Act 4 of 1988, Section 141 w.e.f. 1-4-1989. 2.Substitutedfor "one and one-fourth" by TheTaxation Laws (Amendment).....

Wealth-tax Act, 1957 Chapter IV

Title: Assessment

State: Central

Year: 1957

..... 1.Inserted by Act 46 of 1964, Section 15 w.e.f. 1-4-1965. 2.Substituted by Act 4 of 1988, Section 135 (i) w.e.f 1-4-1989. 3.Substituted by Act 41 of 1975, Section 88 w.e.f. 1-4-1976. 4.Inserted by Act 4 of 1988, Section 135(ii) w.e.f. 1-4-1989. Section 15B - Self-assessment 1[15B. Self-assessment (1) Where any tax is payable on the basis of any return furnished under section 14 or section 15 or in response to a notice under clause (i) of sub-section (4) of section 16 or under section 17, after taking into account the amount of tax, if any, already paid under any provision of this Act, the assessee shall be liable to pay such tax, together with interest payable under any provision of this Act for any delay in furnishing the return, before furnishing the return and me return shall be accompanied by proof of payment of such tax and interest. Explanation. -Where the amount paid by the assessee under this sub-section falls short of the aggregate of the tax and interest as aforesaid, the amount so paid shall first be adjusted towards the interest payable as aforesaid and the balance, if any, shall be adjusted towards the tax payable. (2) After the regular.....

Finance Act 1978 Chapter V

Title: Miscellaneous

State: Central

Year: 1978

.....212 of that Act", the following shall be substituted, namely :- "in a case where a statement is sent by the person under clause (a) of sub-section (1) of section 209A of the Income-tax Act in the financial year immediately preceding that assessment year or where the Income-tax Officer has made an order under sub-section (1) or sub-section (3) of section 210 of that Act requiring the person to pay advance tax during the financial year immediately preceding that assessment year and the person has not sent an estimate under section 209A or, as the case may be, section 212 of that Act"; (2) in clause (b), for the words, brackets, figures and letter "sub-section (1) or sub-section (2) or sub-section (3) or sub-section (3A) of section 212", the words, figures and letter "section 209A or section 212" shall be substituted; (b) in section 5, in clause (a), for the word and figures "section 211", the words, figures, brackets and letter "section 211 or sub-section (4) of section 209A" shall be substituted; (c) in the Schedule, for the proviso, the following shall be substituted, namely :- "Paragraph C (i) where the current income exceeds . 15,000 but does not.....

Finance Act 1978 Section 40

Title: Amendment of Act 38 of 1974

State: Central

Year: 1978

.....212 of that Act", the following shall be substituted, namely :- "in a case where a statement is sent by the person under clause (a) of sub-section (1) of section 209A of the Income-tax Act in the financial year immediately preceding that assessment year or where the Income-tax Officer has made an order under sub-section (1) or sub-section (3) of section 210 of that Act requiring the person to pay advance tax during the financial year immediately preceding that assessment year and the person has not sent an estimate under section 209A or, as the case may be, section 212 of that Act"; (2) in clause (b), for the words, brackets, figures and letter "sub-section (1) or sub-section (2) or sub-section (3) or sub-section (3A) of section 212", the words, figures and letter "section 209A or section 212" shall be substituted; (b) in section 5, in clause (a), for the word and figures "section 211", the words, figures, brackets and letter "section 211 or sub-section (4) of section 209A" shall be substituted; (c) in the Schedule, for the proviso, the following shall be substituted, namely :- "Paragraph C (i) where the current income exceeds . 15,000 but does not.....

Compulsory Deposit Scheme (Income Tax Payers) Act, 1974, Schedule I

Title: Schedule

State: Central

Year: 1974

.....D], where the current income exceeds Rs. 15,000 but does not exceed Rs. 15,710 the compulsory deposit shall is no case exceed the amount by which the current income exceeds Rs. 15,000; (c) where the amount of compulsory deposit calculated in accordance with the foregoing provisions is less than Rs. 100 it shall not be necessary for the taxpayer concerned to make such deposit.]] Explanation.-- In this Schedule, "current income" has the meaning assigned to it in Sub-section (3) of section 4. ________________________ 1. Inserted by Act 66 of 1976, section 43 (c) w.e.f.1-4-76. 2. Substituted for provisos, by Act 66 of 1976, section 43 (c) w.e.f.1-4-76. 3. Substituted for provisos, Act 19 of 1978, Section 40 (c) w.e.f.1-4-78. 4. Inserted by the Compulsory Deposit Scheme (Income-tax Payers) Amendment Act (23 of 1981), section 3 w.e.f. 11-7-1981.

Expenditure-tax Act, 1987 Section 2

Title: Definitions

State: Central

Year: 1987

.....forair-conditioning.] (10)"room charges" means the charges for a unit of residentialaccommodation in a hotel and includes the charges for- (a)furniture, air-conditioner, refrigerator, radio, music, telephone, television,and (b)such other services as are normally included by a hotel in room rent, but doesnot include charges for food, drinks and any services other than those referredto in sub-clauses (a) and (b); (11)all other words and expressions used herein but not defined and defined in theIncome-tax Act shall have the meanings respectively assigned to them in thatAct. _________________________ 1. Inserted by Finance (No. 2) Act (Act 49 of 1991)w.e.f. 01.10.1991.

Compulsory Deposit Scheme (Income Tax Payers) Act, 1974 Complete Act

State: Central

Year: 1974

.....this Act; (b) "deposit" means a deposit of money. (c) "depositor" means a person who is liable to make a compulsory deposit; (d) "Income-tax Act" means the Income-tax Act, 1961; 1[(dd) "Income-tax Officer" has the same meaning as in clause (25) of section 2 of the Income-tax Act, and includes an Inspecting Assistant Commissioner who exercises or performs the powers or functions conferred on or assigned to him under section 125orsection 125Aof the said Act.] (e) all other words and expressions used herein but not defined and defined in the Income-tax Act shall have the meanings, respectively assigned to them in that Act. SECTION 03: PERSONS LIABLE TO MAKE COMPULSORY DEPOSITS - (1) Subject to the provisions of this Act, the persons specified in sub-section (2) shall be liable to make compulsory deposits2[for the assessment year commencing on the 1st day of April, 1975 and every subsequent assessment year (not being an assessment year commencing on or after the3 [1st day of April, 1986].) (2) The persons referred to in sub-section (1) are the following namely:- (a) every person, being- (i) an individual, who is a citizen of India; (ii) a Hindu undivided family; .....

Promissory Notes (Stamp) Act, 1926 [Repealed] Repealing Act 1

Title: Finance Act, 2006

State: Central

Year: 1926

.....byParliament in the Fifty-seventh Year of the Republic of India as follows:- CHAPTER I. PRELIMINARY 1. Short title and commencement (1) This Act may becalled the Finance Act, 2006. (2) Save as otherwiseprovided in this Act, sections 2 to 57 shall be deemed to have come into forceon the 1st day of April, 2006. CHAPTER II. RATES OF INCOME-TAX 2. Income-tax (1) Subject to theprovisions of sub-sections (2) and (3), for the assessment year commencing onthe 1st day of April, 2006, income-tax shall be charged at the rates specifiedin Part I of the First Schedule and such tax as reduced by the rebate ofincome-tax calculated under Chapter VIII-A of the Income-tax Act, 1961(43 of1961) (hereinafter referred to as the Income-tax Act) shall be increased by asurcharge for purposes of the Union calculated in each case in the mannerprovided therein. (2) In the cases towhich Paragraph A of Part I of the First Schedule applies, where the assesseehas, in the previous year, any net agricultural income exceeding five thousandrupees, in addition to total income, and the total income exceeds one lakhrupees, then,-- (a) the netagricultural income shall be taken into account, in the.....