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.....

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).....

Finance Act 2001 Chapter VI

Title: Miscellaneous

State: Central

Year: 2001

.....hundred grams : Rs.16.00 For every five hundred grams, or fraction thereof, exceeding five hundred grams : Rs.15.00 Section 139 - Amendment of section 14 of Act 74 of 1956 In the Central Sales Tax Act, 1956, in section 14,- (a) after clause (iic), the following clause shall be inserted, namely:- '(iid) Aviation Turbine Fuel sold to a Turbo-Prop Aircraft. Explanation-For the purposes of this clause, "Turbo-Prop Aircraft" means an aircraft deriving thrust, mainly from propeller, which may be driven by either turbine engine or piston engine;'; (b) in clause (iv), in sub-clause (i), for the words "pig iron and", the words "pig iron, sponge iron and" shall be substituted. Section 140 - Omission of section 55 of Act 61 of 1981 Section 55 of the National Bank for Agriculture and Rural Development Act, 1981 shall be omitted with effect from the 1st day of April, 2002. Section 141 - Omission of section 48 of Act 53 of 1987 Section 48 of the National Housing Bank Act, 1987 shall be omitted with effect from the 1st day of April, 2002. Section 142 - Omission of section 50 of Act 39 of 1989 Section 50 of the Small Industries Development Bank of India Act, 1989.....

Finance Act 2001 Section 138

Title: Amendment of Act 6 of 1898

State: Central

Year: 2001

.....is used in response to any competition organised on or through television, radio, newspapers, magazine or any other media. Book, pattern and sample packets For the first fifty grams or fraction thereof : Rs. 3.00 For every additional fifty grams, or fraction thereof, in excess of fifty grams: Rs. 4.00 Registered newspapers For a weight not exceeding fifty grams : 25 paise For a weight exceeding fifty grams but not exceeding one hundred grams : 50 paise For every additional one hundred grams, or fraction thereof, exceeding one hundred grams : 20 paise In the case of more than one copy of the same issue of a registered newspaper being carried in the same packet- For a weight not exceeding one hundred grams : 50 paise For every additional one hundred grams, or fraction thereof, exceeding one hundred grams : 20 paise Provided that such packet shall not be delivered at any addressee's residence but shall be given to a recognised agent at the Post Office. Parcels For a weight not exceeding five hundred grams : Rs.16.00 For every five hundred grams, or fraction thereof, exceeding five hundred grams : Rs.15.00