{"act":{"id":"finance-act-2012","short_title":"The Finance Act, 2012","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2012-2013.","act_number":null,"act_year":2012,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":121,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2012/"},"unit":"section","section":{"number":"58","heading":"Amendment of section 115VG","text":"Amendment of section 115VG. 58. In section 115VG of the Income-tax Act, in sub-section (3), for the Table, the following Table shall be substituted with effect from the 1st day of April, 2013, namely:— \"TABLE Qualifying ship having net tonnage | Amount of daily tonnage income (1) | (2) up to 1,000 | Rs. 70 for each 100 tons exceeding 1,000 but not more than 10,000 | Rs. 700 plus Rs. 53 for each 100 tons exceeding 1,000 tons exceeding 10,000 but not more than 25,000 | Rs. 5,470 plus Rs. 42 for each 100 tons exceeding 10,000 tons exceeding 25,000 | Rs. 11,770 plus Rs. 29 for each 100 tons exceeding 25,000 tons.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115VG.</b></p><p><b>58.</b> In section 115VG of the Income-tax Act, in sub-section (3), for the Table, the following Table shall be substituted with effect from the 1st day of April, 2013, namely:—</p><p>\"TABLE</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td><i> Qualifying ship having net tonnage</i></td><td><i> Amount of daily tonnage income</i></td></tr><tr><td><i> (1)</i></td><td><i>(2)</i></td></tr><tr><td>up to 1,000</td><td>Rs. 70 for each 100 tons</td></tr><tr><td>exceeding 1,000 but not more than 10,000</td><td>Rs. 700 <i>plus </i>Rs. 53 for each 100 tons exceeding 1,000 tons</td></tr><tr><td>exceeding 10,000 but not more than 25,000</td><td>Rs. 5,470 <i>plus </i>Rs. 42 for each 100 tons exceeding 10,000 tons</td></tr><tr><td>exceeding 25,000</td><td>Rs. 11,770 <i>plus </i>Rs. 29 for each 100 tons exceeding 25,000 tons.\".</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":120,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2012/section/58/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}