# The Finance Act, 1983, Section 42: Amendment of section 5

- Act: The Finance Act, 1983 (Act 11 of 1983)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1983/section/42/

## Text

Gift-tax Amendment of section 5. 42. In section 5 of the Gift-tax Act, 1958 (18 of 1958), in sub-section (2),— (a) in clause (iid) [directed to be inserted by clause (a) of section 38 of the Finance Act, 1982 (14 of 1982)], for the portion beginning with the words "savings certificates" and ending with the words "rules made thereunder", the following shall be substituted with effect from the 1st day of April, 1984, namely: — "any foreign exchange assets as defined in clause (b) of section 115C of the Income-tax Act"; (b) in clause (iiic) [directed to be inserted by clause (b) of section 38 of the Finance Act, 1982 (14 of 1982)], for the words "of property in the form of such Capital Investment Bonds", the words "being an individual or a Hindu undivided family, of property in the form of such" Capital Investment Bonds" shall be substituted. [Finance Act, 1983] © Copyright. Taxmann Publications Pvt. Ltd.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.