Vidhi Codex

Bare Act

The Bombay Finance (Gujarat Amendment) Act, 1961

General19619 sections

This Act amends the Bombay Finance Act of 1932 specifically for the State of Gujarat. It updates tax rates for professions, trades, and employment by changing the currency from annas to naye paise. It also modifies the definition of the Gujarat Revenue Tribunal to include other applicable laws. Additionally, the Act introduces a new tax on the consumption of electrical energy and adjusts the specific rates for this tax in the schedule. The changes are intended to modernize the tax structure and ensure the law remains current with the new currency system.

Start reading →Read full ActSections
  1. 1. Short title and commencement
  2. 2. Amendment of Section 2 of Bom. XXV of 1932
  3. 3. Amendment of Section 7 of Bom. XXV of 1932
  4. 4. XXV of 1932 In section 7 of the Bombay Finance Act, 1932 (hereinafter referred to as "the principal Act"), in sub-section (1), for the words "one anna" the words "ten naye paise" shall be substituted.
  5. 5. Amendment of Section 14 of Bom. XXV of 1932
  6. 6. Amendment of Section 15 of Bom. XXV of 1932
  7. 7. Amendment of Section 24 of Bom. XXV of 1932
  8. 8. Amendment of Section 25 of Bom. XXV of 1932
  9. 9. Amendment of First Schedule to Bom. XXV of 1932

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