The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff, and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet is titled “The Taxation Laws (Amendment) Bill, 1973” authored by H. P. Ranina. The text may help the reader in understanding the time specific situations of the bill, which the author covers in 3 brief parts, namely “The Charitable Trusts”, “Administration of Laws” and “Black Money”. The author has kept the findings of the Wanchoo Committee in hand throughout his analysis of the three different topics.