Amendment of Section 115a
In section 115A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1987, -
(a) for clause (ii), the following clause shall be substituted, namely :-
"(ii) the amount of income-tax calculated on the income by way of royalty, if any, included in the total income, at the rate of thirty per cent.;";
(b) in clause (iii), for the words "forty per cent.", the words "thirty per cent." shall be substituted.