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<h1>Finance Act 1966 Enforces Central Government's Fiscal Proposals for 1966-67, Retroactive from April 1, 1966</h1> The Finance Act, 1966, enacted by the Parliament of India, aims to implement the Central Government's financial proposals for the fiscal year 1966-67. It was assented to by the President on May 13, 1966. The Act is officially titled the Finance Act, 1966, and specifies that, except where otherwise stated, sections 2 to 43, section 52, and section 53 are retroactively effective from April 1, 1966.