TaxTMI 
TaxTMI 
Amendment of Act 34 of 1953
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....s "one year" shall be substituted; (b) after the proviso, the following proviso shall be inserted, namely :- "Provided further that a house or part thereof taken under any gift made to the spouse, son, daughter, brother or sister, shall not be deemed to pass on the donors death by reason only of the residence therein of the donor except where a right of residence therein is rese....
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....b-section save where a right of residence therein is reserved or secured directly or indirectly to such person under the relevant disposition or under any collateral disposition."; (iv) in sub-section (1) of section 12, - (a) in the proviso, for the words "two years", the words "one year" shall be substituted; (b) after the proviso and before the Explanation, the fol....
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....ouse, son, daughter, brother or sister, shall not be deemed to be included in the property passing on the death of the deceased by reason only of the residence therein of the deceased except where a right of residence therein is reserved or secured directly or indirectly to the deceased under the relevant disposition or under any collateral disposition."; (vi) after section 29, the followin....
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.... exceed the equivalent of fifteen thousand rupees per annum, or (ii) a superannuation or pension fund established by such international organisations as the Central Government may, by notification in the Official Gazette, specify in this behalf."; (vii) in section 33, in sub-section (1), - (a) in clause (b), for the words "two years", the words "one year" shall be su....