Amendment of Section 16
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;".