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Income Tax Act, 1961 Complete Act

State: Central

Year: 1961

INCOME TAX ACT, 1961 INCOME TAX ACT, 1961 43 of 1961 [AS AMENDED BY FINANCE ACT, 2003] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows : CHAPTER 1 PRELIMINARY Section 1 Short title, extent and commencement (1) This Act may be called the Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on the 1st day of April, 1962. Section 2 Definitions 1 Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1) "advance tax" means the advance tax payable in accordance with the provisions of Chapter XVII-C;] 2 Renumbered as clause (1A) by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1A)] 3 For manner of computation of income which is partially agricultural and partially frombusiness, see rules 7, 7A, 7B and 8. For analysis, see Mashbra's Income-tax Rules."agricultural income" means - 4 Substituted by the Taxation Laws (Amendment) Act, 1970, w.r.e.f. 1-4-1962.[(a) any rent or revenue derived from land which is situated in India and is used for.....

Finance Act, 2003 Chapter III

Title: Direct Taxes

State: Central

Year: 2003

.....of April, 2004, namely:-- 'Explanation 2.--For the removal of doubts, it is hereby declared that "business connection" shall include any business activity carried out through a person who, acting on behalf of the non-resident,-- (a) has and habitually exercises in India, an authority to conclude contracts on behalf of the non-resident, unless his activities are limited to the purchase of goods or merchandise for the non-resident; or (b) has no such authority, but habitually maintains in India a stock of goods or merchandise from which he regularly delivers goods or merchandise on behalf of the non-resident; or (c) habitually secures orders in India, mainly or wholly for the non-resident or for that non-resident and other non-residents controlling, controlled by, or subject to the same common control, as that non-resident: Provided that such business connection shall not include any business activity carried out through a broker, general commission agent or any other agent having an independent status, if such broker, general commission agent or any other agent having an independent status is acting in the ordinary course of his business: Provided further that where.....

Companies Act, 2013, Schedule

Title: Schedule Iii

State: Central

Year: 2013

.....investments do not have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated, the fact that the Board is of that opinion, shall be stated. PART II - STATEMENT OF PROFIT AND LOSS Name of the Company......................... Profit and loss statement for the year ended ........................... (Rupees in............) Particulars Note No. Figures as at the end of current reporting period Figures as at the end of the previous reporting period 1 2 3 4 I. Revenue from operations xxx xxx II. Other income xxx xxx III. Total Revenue (I + II) xxx xxx IV. Expenses: Cost of materials consumed Purchases of Stock-in-Trade Changes in inventories of finished goods xxx xxx work-in-progress and xxx xxx Stock-in-Trade xxx xxx Employee benefits expense xxx xxx Finance costs Depreciation and amortisation expense Other expenses Total expenses xxx xxx V. Profit before exceptional and extraordinary items and tax (III - IV) xxx xxx VI. Exceptional items xxx xxx VII. Profit before.....

Tamil Nadu Appointment on Preferential Basis in the Services Under the State of Persons Studied in Tamil Medium Act, 2010 Complete Act

State: Tamil Nadu

Year: 2010

.....through Tamil Medium of instruction; e. "preferential vacancies " means such vacancies available for persons studied in Tamil medium under sub-section (1) of Section 3; f. "services under the State" includes the services under" (i) the Government; (ii) the Legislature of the State; (iii) any Local Authority; (iv) any Corporation or Company owned or controlled by the Government; and (v) any other authority in respect of which the State Legislature has power to make laws; 3. Preferential appointment." (1) Notwithstanding anything contained in any law for the time being in force and subject to Section 5, twenty per cent of all vacancies in appointment in the services under the State which are to be filled through direct recruitment shall be set apart on preferential basis to persons studied in Tamil Medium. (2) Selection for appointment under sub-section (1) shall be made in such manner as may be prescribed. (3) Nothing contained in sub-section (1) shall apply in the case of appointment to the posts in the services under the State for which the educational qualification prescribed in the Rules or Regulations or orders applicable to the post is a degree or.....

Tamil Nadu Village Servant Classification Control and Appeal Rules, 1983 Complete Act

State: Tamil Nadu

Year: 1983

.....is satisfied that the delay is due to just and sufficient cause. (2) The Revenue Divisional Officer may, pending exercise of his powers under sub-rule (1), stay the execution of any order which is the subject matter of appeal. 7. Revision.- (1) Notwithstanding anything contained in rule 5, the Revenue Divisional Officer may, of his own motion, call for and examine the records relating to any order passed by the Tahsildar and for reasons to be recorded in writing confirm, reduce, enhance or set aside the penalty imposed by the order, or impose any penalty where no penalty has been imposed or remit for re-consideration such order on any of the grounds specified in subrule (3). (2) Notwithstanding anything contained in rule 5, the collector may of his own motion, or on the application of the person aggrieved, call for and examine the records relating to any order passed by the Revenue Division Officer and for reasons to be recorded in writing confirm, reduce, enhance or set aside the penalty imposed by the order or impose any penalty where no penalty has been imposed, or remit for reconsideration such order on any of the grounds specified in sub-rule(3). (3) The grounds.....

Bureau of Indian Standards Act, 1986 Complete Act

State: Central

Year: 1986

..... (1) On and from the date of establishment of the Bureau.- (a) any reference to the Indian Standards Institution in any law other than this Act or in any contract or other instrument shall be deemed as a reference to the Bureau: (b) all properties and assets, movable and immovable, of, or belonging to. the Indian Standards Institution shall vest in the Bureau: (c) all the rights and liabilities of the Indian Standards Institution shall be transferred to, and be the rights and liabilities of, the Bureau; (d) without prejudice to the provisions of clause (c), all debts, obligations and liabilities incurred, all contracts entered into and all matters and things engaged to be done by, with or for the Indian Standards Institution immediately before that date. for or in connection with the purposes of the said Institution shall be deemed to have been incurred, entered into. or engaged to be done by with or for the Bureau, (e) all sums of money due to the Indian Standards Institution immediately before that date shall be deemed to be due to the Bureau, (f) all suits and other legal proceedings instituted or which could have been instituted by or against the Indian.....

Finance Act, 2003 Section 99

Title: Insertion of Thirteenth and Fourteenth Schedules

State: Central

Year: 2003

.....or chemical fertilizers 31.02 to 31.05 2412 15. Insecticides, fungicides, herbicides and pesticides (basic manufacture and formulation) 3808.10 24211 or 24219 16. Fibre glass and articles thereof 70.14 26102 17. Manufacture of pulp - wood pulp, mechanical or chemical (including dissolving pulp) 47.01 21011 18. Branded aerated water/soft drinks (non-fruit based) 2201.20. 2202.20 15541 or 15542 19. Paper 4801 21011 to 21019 Writing or printing paper, etc. 4802.10 Paper or paperboard, etc. 4802.20 Maplitho paper, etc. 4802.30 Newsprint, in rolls or sheets 4801.00 Craft paper, etc. 4804.10 Sanitary towels, etc. 4818.10 Cigarette paper 48.13 Grease-proof paper 4806.10 Toilet or facial tissue, etc. 4803 Paper and paperboard, laminated internally with bitumen, tar or asphalt 4807.10 .....

Income Tax Act, 1961 Schedule XIV

Title: List of Articles or Things or Operations

State: Central

Year: 1961

.....80-IC(2)] LIST OF ARTICLES OR THINGS OR OPERATIONS PART A For the North-Eastern States (1) Fruit and Vegetable Processing industries manufacturing or producing (i) Canned or bottled products; (ii) Aseptic packaged products; (iii) Frozen products; (iv) De-hydrated products; (v) Oleoresins. (2) Meat and Poultry Product industries manufacturing or producing (i) Meat Products (buffalo, sheep, goat and pork); (ii) Poultry production; (iii) Egg Powder Plant. (3) Cereal Based Product industries manufacturing or producing (i) Maize Milling including starch and its derivatives; (ii) Bread, Biscuits, Breakfast Cereal. (4) Food and Beverage industries manufacturing or producing (i) Snacks; (ii) Non-alcoholic beverages; (iii) Confectionery including chocolate; (iv) Pasta products; (v) Processed spices, etc.; (vi) Processed pulses; (vii) Tapioca products. (5) Milk and milk based product industries manufacturing or producing (i) Milk powder; (ii) Cheese; (iii) Butter/ghee; (iv) Infant food; (v) Weaning food; (vi) Malted milk food. (6) Food packaging industry. (7) Paper products industry. (8) Jute and mesta products.....

Insurance Regulatory and Development Authority (Actuarial Report and Abstract) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....the valuation date of that valuation from the valuation date of the preceding valuation in connection with which an abstract was prepared under the Act under the enactments repealed by the Act, or, in a case where no such valuation has been made in respect of the class of business in question, from the date on which the insurer began to carry on that class of business; (h) "maturity date" means a fixed date on which benefit may become payable either absolutely or contingently; (i) "non-par policies" or "policies without participation in profits" means policies which are not entitled for any share in surplus (profits) during the term of the policy; (j) "office yearly premium" means regular premium (excluding extra premiums which are required to be shown separately) payable by the policy-holder to secure the basic benefits under the policy in a policy year; (k) "options" means the rights available to a policy-holder under a policy; (l) "par policies" or "policies with participation in profits" means polices which are not non-par policies as defined under Cl. (i); (m) "policies with deferred participation in profits" means policies entitled for participation in profits after.....

Finance Act 1994 Section 65A

Title: Classification of Taxable Services

State: Central

Year: 1994

65A.1 [Classificationof taxable services (1)For the purposes of this Chapter, classification of taxable services shall bedetermined according to the terms of the sub-clauses ofclause (105)of section 65. (2)When for any reason, a taxable service is, prima facie, classifiable under twoor more sub-clauses of clause (105) of section 65,classification shall be effected as follows:-- (a)the sub-clause which provides the most specific description shall be preferred to sub-clausesproviding a more general description; (b)composite services consisting of a combination of different services whichcannot be classified in the manner specified in clause (a), shall be classified as if they consisted of a service which gives themtheir essential character, insofar as this criterion is applicable; (c)when a service cannot be classified in the manner specified in clause (a) orclause (b), it shallbe classified under the sub-clause which occurs first among the sub-clauseswhich equally merit consideration.] _______________________ 1. Inserted by the Finance Act, 2003, w.e.f. 14-5-2003.