Gift-tax amendment extends coverage to authorities referred in clause (20A) of section 10 of the Income-tax Act. The Gift-tax Act is amended by inserting after the words "local authority" in clause (iv) of section 5 the phrase "or any authority referred to in clause ... Summary
Gift-tax amendment extends coverage to authorities referred in clause (20A) of section 10 of the Income-tax Act.
The Gift-tax Act is amended by inserting after the words "local authority" in clause (iv) of section 5 the phrase "or any authority referred to in clause (20A) of section 10 of the Income-tax Act," thereby extending the Gift-tax Act's coverage to those authorities; effective 1 April 1977.
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