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Central Bare Acts 1994 Home Acts Central 1994 Page 1 of about 1,225 results (0.026 seconds)

Finance Act 1994 Chapter 1

Title : Preliminary

State : Central

Year : 1994

(1) This Act May Be Called The Finance Act, 1994. (2) Save as otherwise provided in this Act, sections 2 to 59 (except section 26) shall be deemed to have come into force on the 1st day of April, 1994. View Complete Act      List Judgments citing this section

Finance Act 1994 Section 1

Title : Short Title and Commencement

State : Central

Year : 1994

(1) This Act May Be Called The Finance Act, 1994. (2) Save as otherwise provided in this Act, sections 2 to 59 (except section 26) shall be deemed to have come into force on the 1st day of April, 1994. View Complete Act      List Judgments citing this section

Finance Act 1994 Chapter 2

Title : Rates of Income-tax

State : Central

Year : 1994

(1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1994, 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, - (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 Sub-Paragraph I or Sub-Paragraph II of Paragraph A of Part I of the First Schedule applies, where the..... View Complete Act      List Judgments citing this section

Finance Act 1994 Section 2

Title : Income-tax

State : Central

Year : 1994

(1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1994, 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, - (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 Sub-Paragraph I or Sub-Paragraph II of Paragraph A of Part I of the First Schedule applies, where the..... View Complete Act      List Judgments citing this section

Finance Act 1994 Section 3

Title : Amendment of Section 2

State : Central

Year : 1994

In section 2 of the Income-tax Act, - (a) in clause (19A), after the words "Deputy Commissioner of Income-tax", the words "or an Additional Commissioner of Income-tax" shall be inserted with effect from the 1st day of June, 1994; (b) in clause (19B), after the words and brackets "Deputy Commissioner of Income-tax (Appeals)", the words and brackets "or an Additional Commissioner of Income-tax (Appeals)" shall be inserted with effect from the 1st day of June, 1994; (c) after clause (19B), the following clause shall be inserted with effect from the 1st day of June, 1994, namely :- '(19C) "Deputy Director" means a person appointed to be a Deputy Director of Income-tax or an Additional Director of Income-tax under sub-section (1) of section 117;'; (d) in clause (21), after the..... View Complete Act      List Judgments citing this section

Finance Act 1994 Section 4

Title : Insertion of New Section 5a

State : Central

Year : 1994

After section 5 of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1963, namely :- '5A. Apportionment of income between spouses governed by Portuguese Civil Code. - (1) Where the husband and wife are governed by the system of community of property (known under the Portuguese Civil Code of 1860 as "COMMUNIAO DOS BENS") in force in the State of Goa and in the Union territories of Dadra and Nagar Haveli and Daman and Diu, the income of the husband and of the wife under any head of income shall not be assessed as that of such community of property (whether treated as an association of persons or a body of individuals), but such income of the husband and of the wife under each head of income (other..... View Complete Act      List Judgments citing this section

Finance Act 1994 Section 5

Title : Amendment of Section 6

State : Central

Year : 1994

In section 6 of the Income-tax Act, in clause (1), in sub-clause (c), in the Explanation, in clause (b), for the words "one hundred and fifty days", the words "one hundred and eighty-two days" shall be substituted with effect from the 1st day of April, 1995. View Complete Act      List Judgments citing this section

Finance Act 1994 Section 7

Title : Amendment of Section 10b

State : Central

Year : 1994

In section 10B of the Income-tax Act, - (a) in sub-section (2), after clause (i), the following clause shall be inserted, with effect from the 1st day of April, 1995, namely :- "(ia) in relation to an undertaking which begins to manufacture or produce any article or thing on or after the 1st day of April, 1994, its exports of such articles and things are not less than seventy-five per cent. of the total sales thereof during the previous year;"; (b) in the Explanation occurring at the end, after clause (iii), the following clause shall be inserted, namely :- '(iv) "produce", in relation to any article or thing referred to in clause (i) of sub-section (2) includes production of computer programmes.'. View Complete Act      List Judgments citing this section

Finance Act 1994 Section 8

Title : Amendment of Section 12a

State : Central

Year : 1994

In section 12A of the Income-tax Act, in clause (b), for the words "twenty-five thousand", the words "fifty thousand" shall be substituted with effect from the 1st day of April, 1995. View Complete Act      List Judgments citing this section

Finance Act 1994 Section 9

Title : Amendment of Section 13

State : Central

Year : 1994

In section 13 of the Income-tax Act, in sub-section (3) in clause (b), for the words "twenty-five thousand", the words "fifty thousand" shall be substituted with effect from the 1st day of April, 1995. View Complete Act      List Judgments citing this section


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