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of <h1>Taxation Laws (Amendment) Act, 1967: Changes to Wealth-tax, Gift-tax, Income-tax, and Finance Acts; Section 5 Retroactive.</h1> The Taxation Laws (Amendment) Act, 1967, amends the Wealth-tax Act, 1957, the Gift-tax Act, 1958, the Income-tax Act, 1961, and the Finance (No. 2) Act, 1967. It received presidential assent on December 15, 1967, and generally took effect on October 1, 1967, with Section 5 retroactively effective from September 14, 1967. This legislative amendment was enacted by the Parliament of India during its eighteenth year of the Republic.
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