Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Tax Amendment Act Redefines Key Terms and Aligns Gift-tax Definitions with Income-tax Act Through Section 2 Modifications</h1> The Direct Tax Laws (Amendment) Act, 1987 modifies section 2 of the Gift-tax Act by omitting several clauses and inserting new definitions. It introduces the term 'Assessing Officer' and aligns various tax-related terms with their Income-tax Act definitions. The amendment removes clause (i) and several other clauses while substituting definitions for 'company,' 'Indian company,' 'firm,' 'partner,' and 'partnership' to match Income-tax Act meanings. It also adds a new clause defining various tax officials' roles according to Income-tax Act definitions.