# The Finance Act, 1970, Section 7: Amendment of section 16

- Act: The Finance Act, 1970 (Act 19 of 1970)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1970/section/7/

## Text

Amendment of section 16 7. In section 16 of the Income-tax Act, for clause (iv), the following clause shall be substituted with effect from the 1st day of April, 1971, namely:— "(iv) where the assessee is not in receipt of a conveyance allowance, whether as such or as part of his salary, in respect of expenditure on travelling for the purposes of his employment, a sum calculated in respect of each calendar month or part thereof comprised in the period of his employment during the previous year, on the basis provided hereunder, namely:.— (a) where the assessee owns a motor car which is used for the purposes of his employment | Rs. 200; (b) where the assessee owns a motor cycle, scooter or other moped which is used for the purposes of his employment | Rs. 60; (c) in any other case | Rs. 35;". [Finance Act, 1970] © Copyright. Taxmann Publications Pvt. Ltd.

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