# The Finance Act, 1994, Section 54: Amendment of section 2

- Act: The Finance Act, 1994 (Act 32 of 1994)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1994/section/54/

## Text

Gift-tax Amendment of section 2. 54. In section 2 of the Gift-tax Act, 1958 (18 of 1958) (hereinafter referred to as the Gift-tax Act), in clause (xxv), after the word ' "Director" the words and brackets, "Additional Director of Income-tax", "Additional Commissioner of Income-tax", "Additional Commissioner of Income-tax (Appeals)", "Deputy Director",' shall be inserted with effect from the 1st day of June, 1994. Amendment of section 5. 55, In section 5 of the Gift-lax Act, in sub-section (1), In clause (vii). for the words "thirty thousand", trio words "one hundred thousand" shall be substituted with effect from the 1st day of April, 1995. [Finance Act, 1994] © Copyright. Taxmann Publications Pvt. Ltd.

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