# The Finance Act, 1969, Section 4: Amendment of section 16

- Act: The Finance Act, 1969 (Act 14 of 1969)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1969/section/4/

## Text

Amendment of section 16 4. 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 the 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;" [Finance Act, 1969] © Copyright. Taxmann Publications Pvt. Ltd.

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