Bare Act Search Results

Finance Act, 2002 Chapter VII

Title: Misecellaneous

State: Central

Year: 2002

.....Insurance Corporation Act, 1956 (31 of 1956) shall be omitted with effect from the lst day of June, 2002. Section 158 - Omission of Section 35A of Act Section 35A of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972) shall be omitted with effect from the 1st dayof June, 2002. Section 159 - Omission of Section 22A of Act 47 of 1974 In the Oil Industry (Development) Act, 1974 (47 of 1974) [hereinafter referred to as the Oil Industry (Development) Act], section 22A shall be omitted with effect from the 1st day of April, 2003; Section 160 - Amendment of the Schedule to Act 47 of 1974 In the Schedule to the Oil Industry (Development) Act, against SI. No. 1 relating to crude oil, for the entry in column 3, the entry "Rupees two thousand per tonne." shall be substituted. Section 161 - Amendment of notification issued under sub-section (4) of section 15 of the Oil Industry (Development Act read with section 5A of the Central Excise Act (1) The notification of the Government of India in the Ministry of Petroleum and Natural Gas No. S.O. 417(E), dated the 12th April, 2002 issued under sub-section (4) of section 15 of the Oil Industry (Development) Act.....

Finance Act, 2002 Section 156

Title: Amendment of Act

State: Central

Year: 2002

.....if it is used in response to any competition organised on or through television, radio, newspaper, magazine or any other media. Book, pattern and sample packets For the first fifty grams or fraction thereof Rs. 4.00 For every additional fifty grams, or fraction thereof, in excess of fifty grams Rs. 3.00 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, 20 paise exceeding one hundred grams 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. 19.00 For every five hundred grams, or fraction thereof, exceeding five hundred grams Rs. 16.00.".

Finance Act, 2002 Complete Act

State: Central

Year: 2002

.....Be it enacted by Parliament in the Fifty-third Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT -(1) This Act may be called the Finance Act, 2002. (2) Save as otherwise provided in this Act, Sections 2-to116-shall be deemed to have come into force on the 1st day of April, 2002. 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, 2002, 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 under Chapter VIII-A of the Income Tax Act, 1961(43 of 1961) (hereinafter referred to as the Income Tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds fifty thousand rupees, then,- (a) the net agricultural income shall be taken into account, in the manner provided.....