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of <h1>Income-tax (Amendment) Act, 1986: Changes to Income-tax Act of 1961, Effective April 1, 1987.</h1> The Income-tax (Amendment) Act, 1986, was enacted by the Indian Parliament and received presidential assent on May 21, 1986. This legislative amendment to the Income-tax Act of 1961 is officially titled the Income-tax (Amendment) Act, 1986, and is designated as Act No. 26 of 1986. It is set to take effect from April 1, 1987.
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