Abstract - KHADI AND VILLAGE INDUSTRIES COMMISSION ACT, 1956 - Income-tax Act, 1961

SECTION 2(d) (h) OF KHADI AND VILLAGE INDUSTRIES COMMISSION ACT, 1956 Definitions 2. In this Act, unless the context otherwise requires,- ** ** ** (d) khadi means any cloth woven on handlooms in India from cotton, silk or woollen yarn handspun in India or from a mixture of any two or all of such yarns; ** ** ** (h) village industry means,- (i) any industry located in a rural area which produces any goods or renders any service with or without the use of power and in which the fixed capital investment per head of an artisan or a worker does not exceed one lakh rupees or such other sum as may, by notification in the Official Gazette, be specified from time to time by the Central Government: Provided that any industry specified in the Schedule and located in an area other than a rural area and recognised as a village industry at any time before the commencement of the Khadi and Village Industries Commission (Amendment) Act, 1987 shall, notwithstanding anything contained in this sub-clause, continue to be a village industry under this Act: Provided further that in the case of any industry located in a hilly area, the provisions of this sub-clause shall have effect as if for the words one lakh rupees , the words one lakh and fifty thousand rupees had been substituted. (ii) any other non-manufacturing unit established for the sole purpose of promoting, maintaining, assisting, servicing (including mother units) or managing any village industry;