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Finance Act 1969 Section 4 - Bare Act

StateCentral Government
Year
Section TitleAmendment of Section 16
Act Info:

In section 16 of the Income-tax Act, in clause (iv), for item (1), the following item shall be substituted with effect from the 1st day of April, 1970, namely :-

"(1) where the conveyance is a motor car and amount of the salary due to the assessee in respect of the previous year -

(a) does not exceed Rs. 25,000 .............. Rs. 200;

(b) exceeds Rs. 25,000 ........... Rs. 250;".




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