# The Finance Act, 1971, Section 7: Amendment of section 16

- Act: The Finance Act, 1971 (Act 32 of 1971)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1971/section/7/

## Text

Amendment of section 16. 7. In section 16 of the income-tax Act, in clause (iv), with effect from the 1st day of April, 1972,— (a) in sub-clause (b), for the entry "Rs. 60", the entry "Rs. 75" shall be substituted; (b) in sub-clause (c), for the entry "Rs. 35", the entry "Rs. 50" shall be substituted. [Finance (No. 2) Act, 1971] © Copyright. Taxmann Publications Pvt. Ltd.

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