Direct Tax Laws (Amendment) Act, 1987

Chapter: I
PRELIMINARY
Section 1	:	Short title and commencement
Chapter: II
AMENDMENTS TO THE INCOME-TAX ACT, 1961
Section 2	:	Substitution of new authorities
Section 3	:	Amendment of section 2
Section 4	:	Substitution of new section for section 3
Section 5	:	Amendment of section 4
Section 6	:	Amendment of section 10
Section 7	:	Omission of sections 11, 12, 12A and 13
Section 8	:	Amendment of section 15
Section 9	:	Amendment of section 28
Section 10	:	Omission of sections 35, 35B, 35C, 35CC, 35CCA and 35CCB
Section 11	:	Amendment of section 36
Section 12	:	Omission of section 39
Section 13	:	Amendment of section 40
Section 14	:	Amendment of section 40A
Section 15	:	Amendment of section 43B
Section 16	:	Insertion of new section 54A
Section 17	:	Amendment of section 64
Section 18	:	Substitution of new section for section 67
Section 19	:	Omission of sections 75, 76 and 77
Section 20	:	Amendment of section 78
Section 21	:	Amendment of section 80A
Section 22	:	Amendment of section 80B
Section 23	:	Omission of section 80E
Section 24	:	Insertion of new section 80F
Section 25	:	Amendment of section 80G
Section 26	:	Omission of section 80GGA
Section 27	:	Amendment of section 80L
Section 28	:	Omission of section 80QQ
Section 29	:	Substitution of new section for section 86
Section 30	:	Substitution of new sections for sections 116, 117 and 118
Section 31	:	Amendment of section 119
Section 32	:	Substitution of new section for section 120
Section 33	:	Omission of sections 121, 121A, 122, 123, 125, 125A, 126, 128, 130 and 130A
Section 34	:	Substitution of new section for section 124
Section 35	:	Substitution of New section for section 127
Section 36	:	Amendment of section 131
Section 37	:	Amendment of section 132
Section 38	:	Amendment of section 132A
Section 39	:	Amendment of section 133
Section 40	:	Amendment of section 133A
Section 41	:	Amendment of section 138
Section 42	:	Amendment of section 139
Section 43	:	Amendment of section 139A
Section 44	:	Amendment of section 140
Section 45	:	Amendment of section 140A
Section 46	:	Omission of section 141A
Section 47	:	Amendment of section 142
Section 48	:	Substitution of new section for section 143
Section 49	:	Amendment of section 144
Section 50	:	Amendment of section 144A
Section 51	:	Omission of section 144B
Section 52	:	Amendment of section 145
Section 53	:	Omission of section 146
Section 54	:	Substitution of new section 147 and 148
Section 55	:	Amendment of section 149
Section 56	:	Amendment of section 150
Section 57	:	Substitution of new section for section 151
Section 58	:	Amendment of section 152
Section 59	:	Amendment of section 153
Section 60	:	Amendment of section 154
Section 61	:	Amendment of section 155
Section 62	:	Amendment of section 158
Section 63	:	Insertion of new Chapter XIV-B
Section 64	:	Amendment of section 164
Section 65	:	Amendment of section 164A
Section 66	:	Substitution of now sections for section 167A
Section 67	:	Omission of sections 182 and 183
Section 68	:	Substitution of new sections for sections 184, 185 and 186
Section 69	:	Amendment of section 187
Section 70	:	Insertion of new section 188A
Section 71	:	Amendment of section 189
Section 72	:	Insertion of new section 189A
Section 73	:	Amendment of section 194A
Section 74	:	Insertion of new section 194E
Section 75	:	Substitution of new sections for section 196
Section 76	:	Substitution of new sections for sections 207 and 208
Section 77	:	Amendment of section 209
Section 78	:	Omission of section 209A
Section 79	:	Substitution of new section for section 210
Section 80	:	Substitution of new section for section 211
Section 81	:	Omission of sections 212 and 213
Section 82	:	Amendment of section 214
Section 83	:	Amendment of section 215
Section 84	:	Substitution of new section for section 218
Section 85	:	Amendment of section 220
Section 86	:	Amendment of section 222
Section 87	:	Substitution of new sections for sections 223, 224 and 225
Section 88	:	Amendment of section 226
Section 89	:	Omission of section 228
Section 90	:	Amendment of section 228A
Section 91	:	Amendment of section 230
Section 92	:	Amendment of section 230A
Section 93	:	Omission of section 231
Section 94	:	Insertion of new sections 234A, 234B and 234C
Section 95	:	Amendment of section 240
Section 96	:	Amendment of section 243
Section 97	:	Amendment of section 244
Section 98	:	Insertion of new section 244A
Section 99	:	Amendment of sub-heading and substitution of new sections for section 246
Section 100	:	Omission of section 247
Section 101	:	Substitution of new section for section 267
Section 102	:	Amendment of section 268
Section 103	:	Amendment of section 269SS
Section 104	:	Amendment of section 269T
Section 105	:	Omission of section 270
Section 106	:	Substitution of new section for section 271
Section 107	:	Amendment of section 271A
Section 108	:	Insertion of new sections 271C, 271D and 271E
Section 109	:	Omission of section 272
Section 110	:	Substitution of new section for section 272A
Section 111	:	Omission of Section 272B
Section 112	:	Amendment of section 273
Section 113	:	Amendment of section 273A
Section 114	:	Amendment of section 273B
Section 115	:	Amendment of section 274
Section 116	:	Amendment of section 275
Section 117	:	Insertion of new section 276
Section 118	:	Substitution of new section for section 276B
Section 119	:	Omission of sections 276DD and 276E
Section 120	:	Amendment of section 278AA
Section 121	:	Insertion of new section 293B
Section 122	:	Substitution of new section for section 296
Section 123	:	Amendment of section 298
Section 124	:	Amendment of the Second Schedule
Section 125	:	Insertion of Tenth Schedule
Section 126	:	Consequential amendments
Chapter: III
AMENDMENTS TO THE WEALTH-TAX ACT, 1957
Section 127	:	Substitution of new authorities
Section 128	:	Amendment of section 2
Section 129	:	Amendment of section 3
Section 130	:	Amendment of Section 5
Section 131	:	Substitution of new sections for section 8, 9, 10 and 11
Section 132	:	Omission of sections 8A, 8AA, 8B, 9A, 10A, 11A, 11AA, 11B, 12 and 13
Section 133	:	Amendment of section 14
Section 134	:	Substitution of now section for section 15
Section 135	:	Amendment of section 15A
Section 136	:	Substitution of new section for section 15B
Section 137	:	Omission of section 15C
Section 138	:	Substitution of now section for section 16
Section 139	:	Amendment of section 17
Section 140	:	Amendment of section 17A
Section 141	:	Insertion of new section 17B
Section 142	:	Substitution of new sections for sections 18 and 18A
Section 143	:	Insertion of new Chapter IVB
Section 144	:	Amendment of section 21A
Section 145	:	Amendment of section 21AA
Section 146	:	Amendment of section 23
Section 147	:	Insertion of new section 23A
Section 148	:	Amendment of section 31
Section 149	:	Amendment of section 32
Section 150	:	Amendment of section 34A
Section 151	:	Amendment of section 35
Section 152	:	Amendment of section 35K
Section 153	:	Amendment of section 37
Section 154	:	Amendment of section 37A
Section 155	:	Amendment of section 37B
Section 156	:	Insertion of new section 37C
Section 157	:	Amendment of section 38
Section 158	:	Amendment of section 45
Section 159	:	Insertion of new section 47
Section 160	:	Consequential amendments
Chapter: IV
AMENDMENTS TO THE GIFT-TAX ACT, 1958
Section 161	:	Substitution of new authorities
Section 162	:	Amendment of section 2
Section 163	:	Amendment of section 3
Section 164	:	Substitution of new sections for sections 7, 8, 9 and 10
Section 165	:	Omission of sections 7A, 7AA, TB, 8A. 9A, 11, 11A, 11AA, 11B and 12
Section 166	:	Amendment of section 13
Section 167	:	Substitution of new section for section 14
Section 168	:	Amendment of section 14A
Section 169	:	Insertion of new section 14B
Section 170	:	Substitution of new section for section 15
Section 171	:	Amendment of section 16
Section 172	:	Amendment of Section 16A
Section 173	:	Insertion of new section 16B
Section 174	:	Substitution of new sections for sections 17 and 17A
Section 175	:	Insertion of new Chapter IVA
Section 176	:	Amendment of section 22
Section 177	:	Insertion of new section 22A
Section 178	:	Amendment of section 32
Section 179	:	Amendment of section 33
Section 180	:	Amendment of section 33A
Section 181	:	Amendment of section 34
Section 182	:	Amendment of section 36
Section 183	:	Amendment of section 37
Section 184	:	Amendment of section 45
Section 185	:	Insertion of new section 47
Section 186	:	Consequential amendments
Chapter: V
AMENDMENTS TO THE COMPANIES (PROFITS) SURTAX ACT, 1964
Section 187	:	Substitution of new authorities
Section 188	:	Substitution of new section for section 3
Section 189	:	Amendment of section 18