Section Text
In the First Schedule to the Indian Post Office, Act, 1898, -
(a) for the sub-headings "Letters" and "Letter-cards" and the entries under those sub-headings, the following shall be substituted, namely :-
"Letters
| For a weight not exceeding ten grams | 50 paise. |
| For every ten grams or fraction | |
| thereof, exceeding ten grams | 20 paise, |
| Letter-cards | |
| For a letter-card | 35 paise." |
(b) for the sub-headings "Post cards containing printed communication", "Book, Pattern and Sample packets" and "Registered Newspapers" and the entries under those sub-headings, the following shall be substituted, namely :-
"Post cards containing printed communication
For a post card 25 paise.
Explanation : A post card shall be deemed to contain a printed communication, if any matter (except the name and address of, and other particulars relating to, the sender and the place and date of despatch) is recorded by printing or by cyclostyling or by any other mechanical process, not being typewriting, on any part of the post card except the righthand half of the address-side thereof.
Book, Pattern and Sample packets
| For the first fifty grams or fraction | |
| Thereof | 30 paise. |
| For every additional twenty-five grams | |
| or fraction thereof, in excess of fifty | |
| grams | 15 paise. |
| Registered Newspapers | |
| For a weight not exceeding fifty grams | 5 paise. |
| For a weight exceeding fifty grams but | |
| not exceeding one hundred grams | 15 paise. |
| For every additional one hundred grams | |
| or fraction thereof, exceeding one | |
| hundred grams | 10 paise. |
| In the case of more than one copy of the | |
| same issue of a registered newspaper | |
| being carried in the same packet - | |
| for a weight not exceeding one hundred | |
| grams | 15 paise; |
| for every additional one hundred grams | |
| or fraction thereof, in excess of one | |
| hundred grams | 10 paise : |
Provided that such packet shall not be delivered at any addressee's residence but shall be given to a recognised agent at the Post Office.".
Section 55 - Amendment Of Act 47 Of 1961In section 30 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, in sub-section (2), for the words "and for four accounting years following that year", the words "for that accounting year and for eight accounting years following that year" shall be substituted.
Section 56 - Amendment Of Act 52 Of 1963In section 32 of the Unit Trust of India Act, 1963, -
(1) in sub-section (1), with effect from the 1st day of April, 1983, -
(a) in clause (b), for the words "two thousand rupees", the words "three thousand rupees" shall be substituted;
(b) in clause (ba), for the words "twenty-five thousand rupees", the words "thirty-five thousand rupees" shall be substituted;
(2) in sub-section (2), in clause (c), in sub-clauses (i) and (ii) for the words "five thousand rupees", the words seven thousand rupees" shall be substituted with effect from the 1st day of June, 1982.
Section 57 - Bank Of Bhutan To Be Exempt From Liability To Pay Income-Tax On Certain IncomeNotwithstanding anything contained in the Income-tax Act, the Bank of Bhutan constituted under the Royal Charter of the Bank of Bhutan, 1968, shall not be liable to pay any income-tax on the interest accruing during the period commencing on the 1st day of January, 1972, and ending with the 31st day of December, 1986, on the deposits made by that bank with the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955).