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of <h1>Finance Act 1962 Extends Income-Tax Rates, Ends Salt Duty, and Upholds GATT Commitments for 1962-63.</h1> The Finance Act, 1962, enacted by the Parliament of India, received presidential assent on March 30, 1962. It extends the existing rates of income-tax and super-tax for the financial year 1962-63. Additionally, it addresses the continuance of commitments under the General Agreement on Tariffs and Trade (GATT) and discontinues the duty on salt for the specified year.
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