Limitation period for gift-tax assessments extended and transitional filing deadlines prescribed for assessments first made in earlier years. The amendment substitutes in section 16A of the Gift-tax Act the period of one year with two years and replaces the proviso to permit assessments first assessable in the assessment year commencing 1 April 1987 or earlier to be made on or before 31 March 1991, and those first assessable in the assessment year commencing 1 April 1988 to be made on or before 31 March 1992.