# The Finance Act, 1975, Section 29: Amendment of Act 18 of 1958

- Act: The Finance Act, 1975 (Act 25 of 1975)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1975/section/29/

## Text

Gift-tax Amendment of Act 18 of 1958 29. In section 4 of the Gift-tax Act, 1958, in clause (a) of sub-section (1), the following proviso shall be inserted, and shall be deemed to have been inserted, at the end, with effect from the 1st day of April, 1974, namely:— "Provided that nothing contained in this clause shall apply in any case where the property is transferred to the Government or where the value of the consideration for the transfer is determined or approved by the Central Government or the Reserve Bank of India.". [Finance Act, 1975] © Copyright. Taxmann Publications Pvt. Ltd.

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