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<h1>Tax Reform Act Offers Gold Bond Incentives for Undisclosed Income, Modernizing Multiple Taxation Frameworks Under Section 4</h1> The Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1965 is a legislative enactment amending multiple tax-related statutes, including Income-tax, Estate Duty, Wealth-tax, and Gift-tax Acts. The law provides exemptions for undisclosed income invested in National Defence Gold Bonds and was enacted by the Parliament in the 16th year of the Republic of India, receiving presidential assent on December 14, 1965.