Amendment of section 44
Section 54 of the Finance Act, 1972 deals with amendment of section 44. Amendment of section 44. 54. In section 44 of the Gift-tax Act, for the portion beginning with the words "The Central Government may" and ending with the words "for implementing the agreement.", the following shall be substituted, namely: — "The Central Government may enter into an agreement with th The Act was enacted on 28 May 1972.
Amendment of section 44.
54. In section 44 of the Gift-tax Act, for the portion beginning with the words "The Central Government may" and ending with the words "for implementing the agreement.", the following shall be substituted, namely: —
"The Central Government may enter into an agreement with the Government of any reciprocating country—
(a) for the avoidance or relief of double taxation with respect to gift-tax payable under this Act and under the corresponding law in force in the reciprocating country, or
(b) for exchange of information for the prevention of evasion or avoidance of gift-tax chargeable under this Act or under the corresponding law in force in. that country or investigation of cases of such evasion or avoidance, or
(c) for recovery of tax under this Act and under the corresponding law in force in that country,
and may, by notification in the Official Gazette, make such provision as may be necessary for implementing the agreement."
[Finance Act, 1972]
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Section 54, The Finance Act, 1972 (Act 16 of 1972).
Cross-references
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Questions about Section 54
What does Section 54 of the Finance Act deal with?
Section 54 of the Finance Act is headed "Amendment of section 44". Amendment of section 44. 54. In section 44 of the Gift-tax Act, for the portion beginning with the words "The Central Government may" and ending with the words "for implementing the agreement.", the following shall be substituted, namely: — "The Central Government may enter into an agreement with th
How do I find court cases under Section 54 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1972 54, section 54 Finance Act 1972, section 54 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 54 of the Finance Act, and has it changed?
Its own text turns on section 44 (Amendment of section 2), Gift-tax Act 44 (Agreement for avoidance or relief of double taxation with respect to gift-tax), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 54 of the Finance Act enacted?
Section 54 of the Finance Act, cited as Finance Act 1972 54, was enacted on 28 May 1972 as Act 16 of 1972. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule4219 words
- 2. Income-tax884 words
- 26. Amendment of section 139612 words
- 46. Insertion of new section 21A576 words
- 45. Amendment of section 5547 words
- 28. Insertion of new sections 194B and 194C538 words
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