Direct Tax Amendment clarifies commencement and amends income, wealth, gift and companies' surtax statutes. Direct Tax Laws (Amendment) Act, 1987 amends the Income-tax Act, 1961, the Wealth-tax Act, 1957, the Gift-tax Act, 1958 and the Companies (Profits) Surtax Act, 1964. The Act adopts a short title and a commencement rule providing that, unless otherwise specified, it shall come into force on the first day of April, 1989, and references to commencement in any provision mean the commencement of that provision.
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Provisions expressly mentioned in the judgment/order text.
Direct Tax Amendment clarifies commencement and amends income, wealth, gift and companies' surtax statutes.
Direct Tax Laws (Amendment) Act, 1987 amends the Income-tax Act, 1961, the Wealth-tax Act, 1957, the Gift-tax Act, 1958 and the Companies (Profits) Surtax Act, 1964. The Act adopts a short title and a commencement rule providing that, unless otherwise specified, it shall come into force on the first day of April, 1989, and references to commencement in any provision mean the commencement of that provision.
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