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Finance Act 1970 Chapter VI - Bare Act

StateCentral Government
Year
Section TitleMiscellaneous
Act Info:

In the First Schedule to the Indian Post Office Act, 1898, -

(a) for the sub-heading "Book, Pattern and Sample packets" and the entries thereunder, the following shall be substituted, namely :-

"Book, Pattern and Sample packets

For the first fifty grams or fraction thereof

20 paise;

For every additional twenty-five grams, or fraction thereof, in excess of fifty grams

10 paise";

(b) for the sub-heading "Parcels" and the entries thereunder, the following shall be substituted, namely :-

"Parcels"

For a weight not exceeding four hundred grams

90 paise;

For every four hundred grams, or fraction thereof, exceeding four hundred grams

90 paise".


Section 38 - Amendment of Act 52 of 1963

In section 32 of the Unit Trust of India Act, 1963, -

(a) in sub-section (1), clause (b) shall be omitted with effect from the 1st day of April, 1971;

(b) in sub-section (2), in clause (c), for the words "one thousand rupees" in both the places where they occur, the words "three thousand rupees" shall be substituted.


Section 39 - Amendment of Act 7 of 1964

In section 3 of the Companies (Profits) Surtax Act, 1964, after the words "Director of Inspection, Commissioner of Income-tax,", the words "Additional Commissioner of Income-tax," shall be inserted.





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