Amendment to direct tax laws updates Income tax, Wealth tax and Gift tax provisions and fixes commencement date. The Direct Tax Laws (Amendment) Act, 1989 amends the Income-tax Act, 1961; the Wealth-tax Act, 1957; the Gift-tax Act, 1958; and the Direct Tax Laws (Amendment) Act, 1987, and is cited as the Direct Tax Laws (Amendment) Act, 1989. Except as otherwise provided, sections 2 to 31 and 33 to 95 shall come into force on the specified commencement date.
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Amendment to direct tax laws updates Income tax, Wealth tax and Gift tax provisions and fixes commencement date.
The Direct Tax Laws (Amendment) Act, 1989 amends the Income-tax Act, 1961; the Wealth-tax Act, 1957; the Gift-tax Act, 1958; and the Direct Tax Laws (Amendment) Act, 1987, and is cited as the Direct Tax Laws (Amendment) Act, 1989. Except as otherwise provided, sections 2 to 31 and 33 to 95 shall come into force on the specified commencement date.
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