# The Finance Act, 1961, Section 4: Amendment of section 7

- Act: The Finance Act, 1961 (Act 14 of 1961)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1961/section/4/

## Text

Amendment of section 7 4. In section 7 of the Income-tax Act, in the proviso to Explanation 2, after the words "a Central, State or Provincial Act", the words, letters and figures "or any payment of retiring gratuity received after the 1st day of June, 1953, under the New Pension Code applicable to the members of the Defence Services" shall be inserted and shall be deemed always to have been inserted. [Finance Act, 1961] © Copyright. Taxmann Publications Pvt. Ltd.

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