Finance Act 1970 Chapter VI - Bare Act |
State | Central Government |
Year | 1970 |
Section Title | Miscellaneous |
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". |
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.
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.