Amendment of Act 53 of 1987 In the National Housing Bank Act. 1987 — (a) in section 14,— (i) in clause (b), after the words “scheduled banks”, the words “or to any authority established by or under any Central, State or Provincial Act and engaged in slum clearance” shall be inserted; (ii) after clause (h), the following clause shall be inserted, […]
Deposit not to be taken into account in certain cases Without prejudice to the generality of the provisions of section 3,— (a) the deposit shall not be taken into account for the purpose of any proceeding under the Income-tax Act, 1961 (43 of 1961), and, in particular, the depositor shall not be entitled to claim any
Immunities (1) Notwithstanding anything contained in any other law for the time being in force,— (a) no person, who has made a deposit with the National Housing Bank in accordance with the scheme, shall be required to disclose, for any purpose whatsoever, the nature and source of the deposit; (b) no inquiry or investigation shall be commenced
Definitions In this Act, unless the context otherwise requires,— (a) “deposit” means a voluntary deposit made by any person with the National Housing Bank in accordance with the scheme on or after the commencement of this Act but before the specified date. Explanation.—For the purposes of this clause, “specified date” means the 1st day of December,
Short title and extent. (1) This Act may be called the Voluntary Deposits (Immunities and Exemptions) Act, 1991. (2) It extends to the whole of India.
The “Purchase/Construction of House for the Construction Workers” by the Delhi Building and Other Construction Workers Welfare Board, Labour Department, Delhi, is a welfare scheme for the registered workers of the board. Through this scheme, an advance amount of ₹3,00,000/- to ₹5,00,000/- is provided to the registered workers for purchasing or construction of houses. The
A syndicate is an organized group of just about anything – corporations, other entities, or even individuals. The group is organized independently by the entities that form it. A syndicate’s primary notable quality is that the groups within it work together to conduct some type of business in order to pursue and promote their collective interests.
The Dena Shakti Scheme was a loan scheme introduced by Dena Bank (now merged with Bank of Baroda) to support women entrepreneurs in India. The scheme aimed to provide financial assistance to women engaged in various business activities at concessional interest rates. Sectors Covered Under this Scheme Agriculture and allied activities Small Enterprises (Direct and
“The word ‘Charity’ connotes altruism in thought and action. It involves an idea of benefiting others rather than oneself” Supreme Court in the case Andhra Chamber of Commerce [1965] 55 ITR 722 (SC). Charity is a selfless voluntary help either in money or kind to the needy. Hence, there are various Non-Governmental Organizations (NGOs) and
The TDS deduction on the payment of commission or brokerage is covered by Section 194H. When the amount surpasses Rs.15,000 in a year, it requires that the person (other than an individual or HUF) in charge of paying commission or brokerage to residents deduct taxes at the rate of 5%. All individuals and HUFs who need
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