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<h1>Finance Act, 1973 Implements Central Government's Financial Proposals for Fiscal Year 1973-74, Effective April 1, 1973.</h1> The Finance Act, 1973, officially titled No. 21 of 1973, was enacted by the Parliament of India to implement the financial proposals of the Central Government for the fiscal year 1973-74. The Act is divided into chapters, with the preliminary section specifying its short title and commencement. It states that, except where otherwise specified, sections 2 to 23 of the Act are considered effective from April 1, 1973.