Tax Act, 1975 (7 of 1975) (hereinafter referred to as the principal Act) for the words “luxury tax”, wherever they occur the words “additional tax” shall be substituted.

Amendment of section 5 Amendment of section 5.—In section 5 of the principal Act,-

1. (a) in sub-section (1), for the words “twenty thousand rupees”, the words “seventy- five thousand rupees” shall be substituted.
2. (b) in subsection (3), for the words “twenty thousand rupees”, in both the places where they occur , the words “seventy-five thousand rupees” shall be substituted;
3. (c) in sub-section (4), for the words “ten thousand rupees', the words “twenty-five thousand rupees” shall be substituted.