Finance Act, 1992 Section 10

Section Text

In section 24 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1993, -

(a) for clause (i), the following clause shall be substituted, namely :-

"(i) in respect of repairs of, and collection of rent from, the property, a sum equal to one-fifth of the annual value;";

(b) clause (viii) shall be omitted.