CBDT Notification – Rules amended to restrict depreciation rate at 40 per cent

Generally, depreciation is an allowance which is available for persons/entities having income from business or profession. As per the CBDT Notification No. 103/2016, the highest rate of depreciation allowable as per income tax has been restricted to 40% for all assets, which were eligible for depreciation at a rate higher than 40%. The amendment is applicable … Continue reading CBDT Notification – Rules amended to restrict depreciation rate at 40 per cent

Bankers Book Evidence Act

1. Title and extent – Act title 18 of 1891 [1st October, 1891.] An Act to amend the Law of Evidence with respect to Bankers’ Books. WHEREAS it is expedient to amend the Law of Evidence with respect to Bankers’ Books; It is hereby enacted as follows: (1) This Act may be called THE BANKER’S … Continue reading Bankers Book Evidence Act

Bankers Book Evidence Act

1. Title and extent – Act title 18 of 1891 [1st October, 1891.] An Act to amend the Law of Evidence with respect to Bankers’ Books. WHEREAS it is expedient to amend the Law of Evidence with respect to Bankers’ Books; It is hereby enacted as follows: (1) This Act may be called THE BANKER’S … Continue reading Bankers Book Evidence Act

The Indian Trusts Act, 1882

Chapter I – PRELIMINARY 1. Short title and commencement – This Act may be called theIndian Trusts Act, 1882, and it shall come into force on the first day of March, 1882. Local extent, savings. -It extends to the whole of India1[except the State of Jammu and Kashmir and the Andaman and Nicobar Islands] but … Continue reading The Indian Trusts Act, 1882

The Competition Act, 2002

Chapter I – Preliminary EXTRAORDINARY PART II — Section 1 PUBLISHED BY AUTHORITY NO. 12 NEW DELHI, TUESDAY, JANUARY 14, 2003 / PAUSA 24, 1924 Separate paging is given to this Part in order that it may be filed as a separate compilation. MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 14th January, … Continue reading The Competition Act, 2002

Land Acquisition Act, 1894

1. Short title, extent and commencement (1) This Act may be called the Land Acquisition Act, 1894. (2) It extends to the whole of India1[except the State of Jammu and Kashmir] (3) It shall come into force on the 1st day of March 1894. ——————– 1. Subs. by Act No. 68 of 1984, (w.e.f. 24-9-1984). … Continue reading Land Acquisition Act, 1894

[Bare Acts] The Administration of Evacuee Property Act 1950

1. Short title and extent. (1) This Act may be called the Administration of Evacuee Property Act, 1950. (2) It extends to the whole of India except1[the, territories which immediately before the 1st November, 1956, were comprised in the States] of Assam, West Bengal, Tripura, Manipur and Jammu and Kashmir. 1. Subs. by the Adaptation … Continue reading [Bare Acts] The Administration of Evacuee Property Act 1950