Bare Act Search Results

Finance Act, 1999 Complete Act

State: Central

Year: 1999

.....1999-2000 Be it enacted by Parliament in the Fiftieth Year of the Republic of India as follows: - SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called the Finance Act 1999. (2) Save as otherwise provided in this Act, Sections 2 to 99 [except clause (1) of Section 6] shall be deemed to have come into force on the 1st day of April, 1999. 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, 1999, income tax shall be charged at the rates specified in Part I of the First Schedule. (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 six hundred 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 in clause (b) [that is to say, as if the net agricultural income were comprised in the total income after the first fifty thousand rupees of the total income but without being liable to tax], only for the purpose of charging income tax in respect of the.....

Finance Act 1999 Chapter III

Title: Direct Taxes Income-tax

State: Central

Year: 1999

.....paid, the cost shall be taken as nil; (b) "specified security" means the securities as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and includes employees' stock option and sweat equity shares; (c) "sweat equity shares" means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called; and (d) "value" means the difference between the fair market value and the cost for acquiring specified securities.'. Section 11 - Amendment Of Section 24 In section 24 of the Income-tax Act, in sub-section (2), after the proviso, the following proviso shall be inserted with effect from the 1st day of April, 2000, namely :- 'Provided further that where the property is acquired or constructed with capital borrowed on or after the 1st day of April, 1999 and such acquisition or construction is completed before the 1st day of April, 2001, the provisions of the first proviso shall have effect as if for the words "thirty thousand rupees", the.....

Finance Act 1999 Section 6

Title: Amendment of Section 10

State: Central

Year: 1999

.....agriculture and allied sectors; or (F) such other sectors as may be notified by the Central Government in this behalf; or (ii) production or manufacture of any article or substance for which patent has been granted to the National Research Laboratory or any other scientific research institution approved by the Department of Science and Technology;'; (k) in clause (23G), with effect from the 1st day of April, 2000, - (A) for the words "the business of developing, maintaining and operating", the words, brackets and figures "the business of (i) developing, (ii) maintaining and operating, or (iii) developing, maintaining and operating" shall be substituted; (B) in the Explanation, in clause (c), - (i) in sub-clause (i), for the word, brackets, figure and letter "sub-section (4A)", the words, brackets and figures "sub-clause (i) of sub-section (4)" shall be substituted; (ii) for sub-clause (ii), the following sub-clause shall be substituted, namely :- "(ii) an industrial undertaking which - (a) is set up in any part of India for the generation or generation and distribution of power if it begins to generate power at any time during the period beginning on the 1st day.....

The Rajasthan Power Sector Reforms Act, 1999 Complete Act

State: Rajasthan

Year: 1999

THE RAJASTHAN POWER SECTOR REFORMS ACT, 1999 THE RAJASTHAN POWER SECTOR REFORMS ACT, 1999 (Act No. 23 of 1999) [Received the assent of the President of India on the 28th day of December, 1999] Preliminary Short title, extent and commencement.- This Act may be called the Rajasthan Power Sector Reforms Act, 1999. It shall extend to the whole of the State of Rajasthan. It shall come into force on such date as the State Government may, by notification, ppoint. Definitions.- In this Act, unless the context otherwise requires, - "Area of supply" means the area within which a supply licensee or any other person is for the time being athorized to distribute and supply energy "Area of transmission" means the area within which a holder of a transmission licence or any other person is for the time being authorized to transmit energy "Board" means the Rajasthan State Electricity Board constituted under section 5 of the Electricity(Supply) Act,1948(Central Act 54 of 1948) "Central Act" means the Electricity Regulatory Commission Act, 1998 (Central Act No. 14 of 1998) "Central Commission" means the Central Electricity Regulatory Commission, established under.....