Section 3 - Amendment of Act 27 of 1957 - Taxation Laws (Amendment) Act, 1978

3. Amendment of Act 27 of 1957. In the Wealth-tax Act, 1957, in section 45, after clause (h), the following clause and Explanation shall be inserted, namely: (i) any political party. Explanation. For the purposes of clause (i), political party shall have the meaning assigned to it in the Explanation to section 13A of the Income-tax Act. . S. HARIHARA IYER, Secy. to the Govt. of India.