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Historical Event on 5/15/1958
Gift Tax Act was introduced.

Other Historical Dates and Events
11/19/1917	Indira (Pridarshani) Gandhi, the first Indian Lady Prime Minister, was born at Allahabad. She was the only child of Jawharlal Nehru and took active participation in freedom fight by forming ""Vanar Sena"" (a team of young detectives). She lead India in a successful war against Pakistan to seperate East and West Pakistans and establish the nation of Banglades
10/4/1999	Rest of India won the Zal Irani Trophy in Bangalore.
5/18/1974	First underground Atomic device explosion for India was carried out successfully near Pokhran in Rajasthan (Thar Desert) at 8:05 a.m. This event made India as the 6th nation to explode an atomic bomb.
12/27/1936	Golden Jublee Session of Indian National Congress, under the presidentship of Jawaharlal Nehru, held at Faizpur urging India to strike at British imperialism.
11/11/1979	President N. Sanjiva Reddy declares the opening of the first International Trade Fair of India.
12/10/1945	Aust Services lose third Victory Test Cricket to India by 6 wkts.
8/29/1991	Second operational Indian Remote Sensing satellite (IRS-1B) launched by a Russian launch vehicle, Vostok. It is still in service.
5/28/1883	Vinayak Damodar Savarkar ""Veer Savarkar"", great freedom fighter, social reformer, politician and writer, was born at Bhagur village near Nasik.
4/4/1997	World Bank Atlas for 1997 put India as world's fifth largest economy in terms of purchasing power parity estimated around $1318 trillion.
10/2/1969	Gandhi's birth centenary celebrated all over the country.

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Historical Event on 5/15/1958 Gift Tax Act was introduced.

Historical Event on 5/15/1958
Gift Tax Act was introduced.