Bare Act Search Results

Income Tax Act, 1961 Section 112

Title: Tax on Long-term Capital Gains

State: Central

Year: 1961

.....the purposes of this sub-section, (a) listed securities means the securities -- (i) as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (32 of 1956) ; and (ii) listed in any recognised stock exchange in India ; (b) unit shall have the meaning assigned to it in clause (b) of Explanation to section 115AB.] (2) Where the gross total income of an assessee includes any income arising from the transfer of a long-term capital asset, the gross total income shall be reduced by the amount of such income and the deduction under Chapter VIA shall be allowed as if the gross total income as so reduced were the gross total income of the assessee. (3) Where the total income of an assessee includes any income arising from the transfer of a long-term capital asset, the total income shall be reduced by the amount of such income and the rebate under section 88 shall be allowed from the income-tax on the total income as so reduced. _____________________ 1. Proviso omitted by the Finance Act, 1995, with effect from 1st April, 1996. 1a. Inserted by the Finance Act, 1999 with effect from 1st April, 2000. 2. Substituted for being listed.....

The Orissa Grama Panchayats (Reduction of Term of Office) Act, 1981 Complete Act

State: Orissa

Year: 1981

.....(including the Sarpanch) for the reconstitution of the said Grama Panchayats shall be held in accordance with the provisions of the Grama Panchayat Act and the rules made thereunder within a period of [Substituted by the Orissa Grama Panchayats (Reduction of Term of Office) Second Amendment Act, 1983 (Orissa Act 25 of 1983) s. 2.][three years] from the aforesaid date: [Inserted by the Orissa Grama Panchayats (Reduction of Term of Office) Amendment Act, 1984 (Orissa Act 5 of 1984) s. 2.][Provided that the election of members (including the Sarpanch) for the reconstitution of the Grama Panchayats specified in the schedule shall be held within a period of three years and six months from the aforesaid date.] (c) the Grama Panchayats so reconstituted shall, for all purposes be deemed to have been constituted under and be governed by the provisions of the Grama Panchayat Act and the Rules made thereunder. Repeal and savings Ordinance No. 1 of 1981. 5 . (1) The Orissa Grama Panchayats (Reduction of Term of Office) Ordinance, 1981 is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the provisions of the said Ordinance shall be deemed.....

Income Tax Act, 1961 Section 54EB

Title: Capital Gain on Transfer of Long-term Capital Assets Not to Be Charged in Certain Cases

State: Central

Year: 1961

.....any part of the capital gain received or accrued as a result of transfer of the original asset in any long-term specified asset and such assessee takes any loan or advance on the security of such specified asset, he shall be deemed to have converted (otherwise than by transfer) such specified asset into money on the date on which such loan or advance is taken. (3) Where the cost of the long-term specified asset has been taken into account for the purposes of clause (a) or clause (b) of sub-section (1), a deduction from the amount of income-tax with reference to such cost shall not be allowed under section 88. __________________ 1. Inserted by the Finance Act, 2000, with effect from 1st April, 2001.

Copyright Act, 1957 Chapter V

Title: Term of Copyright

State: Central

Year: 1957

.....disclosed, if either the identity of the author is disclosed publicly byboth the author and the publisher or is otherwise established to thesatisfaction of the Copyright Board by that author. ______________________ 1.Substitutedby Act 13 of 1992, sec. 2, for "fifty years" w.r.e.f. 28-12-1991. Section 24 - Term of copyright in posthumous work (1) In the case of a literary, dramatic or musical work or an engraving, in which copyright subsists at the date of the death of the author, or in the case of any such work of joint authorship, at or immediately before the date of the death of the author who dies last, but which, or any adaptation of which, has not been published before that date, copyright shall subsist until1[sixty years] from the beginning of the calendar year next following the year in which the work is first published or, where an adaptation of the work is published in any earlier year, from the beginning of the calendar year next following that year. (2) For the purposes of this section a literary, dramatic or musical work or an adaptation of any such work shall be deemed to have been published, if it has been performed in public or if any 1[sound.....

The State Transport Authority and the Regional Transport Authorities (Continuance of the Term of Office) Validation Act, 1960[1] Complete Act

State: Kerala

Year: 1960

.....exercised, duties performed, orders passed and all things done and action taken or purporting to have been exercised, performed, passed, done or taken by or under any provision of the said Motor Vehicles Act or the rules made thereunder by the said authori ties during the respective periods aforesaid, shall be deemed to have been validly exercised, performed, passed, done and taken and shall not be called in question in any court of law on the ground that the sanction of the Government for the continuance of the term of office of the said authorities with retrospective effect was not authorised by law. (2) No suit or other proceeding challenging the validity of any such power exercised, duty performed, order passed, thing done or action taken or for any relief on the ground that such power, duty, order, thing or action was not validly exercised, performed, passed, done or taken, shall be maintained or con tinued in any court: Provided that no action or omission on the part of any per son shall be punishable as an offence which would not have been so punishable if this Act had not been passed. Kerala State Acts

The Balugaon Notified Area Council (Extension) of Term of Office and Validation Act, 1988 Complete Act

State: Orissa

Year: 1988

.....or nomination, as the case may be, of the Councillors as for reconstitution of the said Notified Area Council shall be held in accordance with the provisions of the Municipal Act on such date, not being later than the 14th day of September, 1988 as may be directed by the State Government; and (c) the Notified Area Council so reconstituted shall, for all purposes, be deemed to have been constituted under and be governed by the provisions of the Municipal Act and Rules and notifications made thereunder. 5. Repeal and savings. (1) The Balugaon Notified Area Council (Extension of term of Office and Validation) Ordinance, 1988 is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken (including any notification issued) under the Ordinance so repealed shall be deemed to have been done, taken or issued under this Act. Orissa State Acts

The Orissa Municipal Councils (Reduction of Term of Office) Act, 1977 Complete Act

State: Orissa

Year: 1977

.....held in accordance with the provisions of the municipal Act on such date, not being later than the [Substituted by the Orissa Municipal Councils (Reduction of Term of Office) Second Amendment Act, 1978 (Or. Act 19 of 1978), s.2.][31st day of December, 1978] as may be directed by the State Government; and]. (c) the Municipal Councils so reconstituted, shall, for all purposes, be deemed to have been constituted under and be Governed by the provisions of the Municipal Act and the Rules made thereunder. Repeal Orissa Ordinance No. 6 of 1977. 5 . (1) The Orissa Municipal Councils (Reduction of Term of Office) Ordinance, 1977, is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken (including any direction issued) under the said Ordinance, shall be deemed to have been done or taken under this Act. Orissa State Acts

Prasar Bharati (Broadcasting Corporation of India) Act, 1990 Section 6

Title: Term of Office, Conditions of Service, Etc., of Chairman and Other Members

State: Central

Year: 1990

.....person holding office as an Executive Member immediately before the commencement of the Prasar Bharati (Broadcasting Corporation of India) Amendment Act, 2008, shall, in so far as his appointment is inconsistent with the provisions of this sub-section, cease to hold office on such commencement as such Executive Member and shall not be entitled to any compensation because of his ceasing to hold such office.] (3) The term of office of Part-time Members shall be six years, but one-third of such Members shall retire on the expiration of every second year. (4) The term of office of an elected Member shall be two years or till he ceases to be an employee of the Corporation, whichever is earlier. (5) As soon as may be after the establishment of the Corporation, the President of India may, by order, make such provision as he thinks fit for curtailing the term of office of some of the Part-time Members then appointed in order that one-third of the Members holding office as such Part-time Members shall retire in every second year thereafter. (6) Where before the expiry of the term of office of a person holding the office of Chairman, or any other Member, a vacancy arises, for any.....

National Housing Bank Act, 1987 Section 7

Title: Terms of Office of Chairman, Managing Director and Other Directors, Service Conditions, Etc.

State: Central

Year: 1987

.....salary and allowances in lieu thereof. (5) The directors shall be paid fees and allowances as may be prescribed for attending the meetings of the Board or of any of its committees and for attending to any other work of the National Housing Bank; Provided that no such fee shall be payable to any director, who is an official of the Government or a director of the Reserve Bank. ________________________ 1. Substituted for "clauses (b) and (c)" by National Housing Bank (Amendment) Act, 2000 (15 of 2000). 2.The following proviso are omitted by the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, w.e.f. 16.10.2006. "Provided that any such director shall, notwithstanding the expiration of his term, continue to hold office until his successor enters upon his office."

Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003 Section 3

Title: Medium Term Fiscal Plan

State: Karnataka

Year: 2003

.....local fund authority for the ensuing financial year relating to expenditure, borrowings and other liabilities, lending and investments. and all such activities which have potential budgetary implications and the key fiscal measures and targets pertaining to each of these; (g) an evaluation as to how the current policies of the local fund authority are in conformity with the financial management principles set out in section 4 and the fiscal objectives set out in the Medium Term Fiscal Plan; (h) a clear linkage of the physical and financial targets; (i) the key performance areas and corresponding performance indicators in as much quantitative detail as possible. (5) The Medium Term Fiscal Plan shall be the source document for the preparation of the annual budget and shall address the prime needs of the citizens as relevant to the specific local fund authority such as water supply, construction of road, education, public health, solid waste management and the like. (6) The Medium Term Fiscal Plan shall have a functional focus and provide for backend modalities such as fund based accounting system (FBAS), computerisation and a realistic and transparent budgeting process. .....