Amendment of Act 18 of 1958

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or conversion of any property referred to in section 4, deemed to be a gift under that section shall be substituted with effect from the 1st day of April, 1972; (b) section 4 shall, with effect from the 1st day of April, 1972, be re-numbered as sub-section (1) thereof and after sub-section (1) as so re-numbered, the following sub-section shall be inserted with effect from that day, namely :- (2) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... other than such individual would be entitled to, if a partition of the converted property had taken place immediately after such conversion. ; (c) in section 5, in sub-section (1), - (i) in clause (v), for the word and figures section 88 , the word, figures and letter section 80G shall be substituted, and shall be deemed to have been substituted with effect from the 1st day of April, 1968; (ii) i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... substituted with effect from the 1st day of January, 1972; (e) in section 45, after Explanation 2, the following Explanation shall be inserted, namely :- Explanation 3 : For the removal of doubts, it is hereby declared that the exemption admissible under clause (e) in relation to gifts made by an institution or fund referred to in that clause shall not be denied nearly on either or both of the fo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X