Amendment of section 16B

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Full Text of the Document

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....kets and figures "under sub-section (1) of section 15 or" shall be inserted; (ii) for Explanation 1, the following Explanation shall be substituted, namely :- 'Explanation 1 .- In this sub-section, "tax payable on the taxable gifts as determined under sub-section (1) of section 15" shall not include the additional gift-tax, if any, payable under section 15'; (iii) after Explanation 2....