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Section 65B - Interpretations (w.e.f. 1-7-2012) - Chapter V of Finance Act, 1994

Extract

..... oard" means any committee or board constituted under a State law for the time being in force for the purpose of regulating the marketing of agricultural produce; (7) "aircraft" has the meaning assigned to it in clause (1) of section 2 of the Aircraft Act, 1934; (8) "airport" has the meaning assigned to it in clause (b) of section 2 of the Airports Authority of India Act, 1994; 8[***] (10) "Appellate Tribunal" means the Customs, Excise and Service Tax Appellate Tribunal constituted under section 129 of the Customs Act, 1962; (11) 16[***] (12) "assessee" means a person liable to pay tax and includes his agent; (13) "associated enterprise" shall have the meaning assigned to it in section 92A of the Income-tax Act, 1961; (43 of 1961.) (14) "authorised dealer of foreign exchange" shall have the meaning assigned to "authorized person" in clause (c) of section 2 of the Foreign Exchange Management Act, 1999; (42 of 1999.) (15) "betting or gambling" means putting on stake something of value, particularly money, with consciousness of risk and hope of gain on the outcome of a game or a contest, whose result m .....

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Section 65B - Interpretations (w.e.f. 1-7-2012) - Chapter V of Finance Act, 1994

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..... he Central Government, a State Government and its Departments and a Union territory and its Departments, but shall not include any entity, whether created by a statute or otherwise, the accounts of which are not required to be kept in accordance with article 150 of the Constitution or the rules made thereunder;] (27) "India" means,- (a) the territory of the Union as referred to in clauses (2) and (3) of article 1 of the Constitution; (b) its territorial waters, continental shelf, exclusive economic zone or any other maritime zone as defined in the Territorial Waters, Continental Shelf, Exclusive Economic Zone and other Maritime Zones Act, 1976; (z80 of 1976.) (c) the seabed and the subsoil underlying the territorial waters; (d) the air space above its territory and territorial waters; and (e) the installations, structures and vessels located in the continental shelf of India and the exclusive economic zone of India, for the purposes of prospecting or extraction or production of mineral oil and natural gas and supply thereof; (28) "information technology software" means any representation of instructions, data, sound or image, including source code and object cod .....

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Section 65B - Interpretations (w.e.f. 1-7-2012) - Chapter V of Finance Act, 1994

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..... bill of exchange, letter of credit, draft, pay order, traveller cheque, money order, postal or electronic remittance or any similar instrument but shall not include any currency that is held for its numismatic value; (34) "negative list" means the services which are listed in section 66D; (35) "non-taxable territory" means the territory which is outside the taxable territory; (36) "notification" means notification published in the Official Gazette and the expressions ‘‘notify’’ and "notified" shall be construed accordingly; (37) "person" includes,- (i) an individual, (ii) a Hindu undivided family, (iii) a company, (iv) a society, (v) a limited liability partnership, (vi) a firm, (vii) an association of persons or body of individuals, whether incorporated or not, (viii) Government, (ix) a local authority, or (x) every artificial juridical person, not falling within any of the preceding sub-clauses; (38) "port" has the meaning assigned to it in clause (q) of section 2 of the Major Port Trusts Act, 1963 (38 of 1963) or in clause (4) of section 3 of the Indian Ports Act, 1908; (15 of 1908.) (39) " .....

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Section 65B - Interpretations (w.e.f. 1-7-2012) - Chapter V of Finance Act, 1994

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..... by any person as a Chairperson or a Member or a Director in a body established by the Central Government or State Governments or local authority and who is not deemed as an employee before the commencement of this section. 14[Explanation 2.-For the purposes of this clause, the expression “transaction in money or actionable claim” shall not include- (i) any activity relating to use of money or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency or denomination for which a separate consideration is charged; (ii) any activity carried out, for a consideration, in relation to, or for facilitation of, a transaction in money or actionable claim, including the activity carried out- 17[ (a) by a lottery distributor or selling agent on behalf of the State Government, in relation to promotion, marketing, organising, selling of lottery or facilitating in organising lottery of any kind, in any other manner, in accordance with the provisions of the Lotteries (Regulation) Act, 1998 (17 of 1998.); ] (b) by a foreman of chit fund for conducting or organising a chit in any manner.] Explanation 3.- For the purposes of this Chapte .....

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Section 65B - Interpretations (w.e.f. 1-7-2012) - Chapter V of Finance Act, 1994

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..... nance Act 2013, w.e.f. 10th May, 2013, before it was read as, “or”. 4. Omitted vide Finance Act 2013, w.e.f. 10th May, 2013, before it was read as, “(iii) a course run by an institute affiliated to the National Skill Development Corporation set up by the Government of India;” 5. Inserted vide Finance Act 2013, w.e.f. 10th May, 2013. 6. Inserted vide THE FINANCE (No. 2) ACT, 2014 7. Inserted vide THE FINANCE (No. 2) ACT, 2014 8. Omitted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015, before it was read as, " (9) "amusement facility" means a facility where fun or recreation is provided by means of rides, gaming devices or bowling alleys in amusement parks, amusement arcades, water parks, theme parks or such other places but does not include a place within such facility where other services are provided;" 9. Inserted vide THE FINANCE ACT, 2015 w.e.f. 14th May 2015 10. Omitted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015, before it was read as, "(24) "entertainment event" means an event or a performance which is intended to provide recreation, pastime, fun or enjoyment, by way of exhibition of cinematographi .....

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Section 65B - Interpretations (w.e.f. 1-7-2012) - Chapter V of Finance Act, 1994

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