Tax amendments to income, wealth, gift and company surtax laws set a specified commencement framework for implementation. Enacts amendments to the Income-tax Act, 1961, the Wealth-tax Act, 1957, the Gift-tax Act, 1958 and the Companies (Profits) Surtax Act, 1964 by means of the Taxation Laws (Amendment) Act, 1970. The Act is titled as such and, except where otherwise provided in the Act, its provisions are to come into force on the 1st day of April, 1971; it records parliamentary enactment, presidential assent in December 1970 and publication for general information.
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Provisions expressly mentioned in the judgment/order text.
Tax amendments to income, wealth, gift and company surtax laws set a specified commencement framework for implementation.
Enacts amendments to the Income-tax Act, 1961, the Wealth-tax Act, 1957, the Gift-tax Act, 1958 and the Companies (Profits) Surtax Act, 1964 by means of the Taxation Laws (Amendment) Act, 1970. The Act is titled as such and, except where otherwise provided in the Act, its provisions are to come into force on the 1st day of April, 1971; it records parliamentary enactment, presidential assent in December 1970 and publication for general information.
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