Finance Act 2007 Section 81 - Bare Act |
State | Central Government |
Year | 2007 |
Section Title | Amendment of Second Schedule |
In the Second Schedule to the Income-tax Act, with effect from the 1st day of April, 2008 --
(a) in rule 60, in sub-rule (i), in clause (a), for the words "fifteen per cent. per annum", the words "one and one-fourth per cent. for every month or part of a month" shall be substituted;
(b) in rule 68A, in sub-rule (3), for the words "six per cent. per annum", the words "one-half per cent. for every month or part of a month" shall be substituted.