# The Finance Act, 1965, Section 21: Amendment of Act 18 of 1958

- Act: The Finance Act, 1965 (Act 15 of 1965)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1965/section/21/

## Text

Amendment of Act 18 of 1958 21. In the Gift-tax Act, 1958,- (i) in section 5, after sub-section (1), the following sub-section shall be, and shall be deemed to have been, inserted with effect from the 1st day of April, 1964, namely: — "(1A) Any reference in clause (v) or clause (vi) of sub-section (1) to charitable purpose in relation to a gift made on or after the 1st day of April, 1964 shall be construed as not including a purpose the whole or substantially the whole of which is of a religious nature."; (ii) in sections 32 and 33A, for the words "four per cent." wherever they occur, the words "six per cent." shall be, and shall be deemed to have been, substituted with effect from the 1st day of April, 1965. [Finance (No. 2) Act, 1965] © Copyright. Taxmann Publications Pvt. Ltd.

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