Amendment of section 115

Section 19 of the Finance Act, 1976 deals with amendment of section 115. Amendment of section 115 19. In section 115 of the Income-tax Act, in clause (i) with effect from the 1st day of April, 1977,— (a) in sub-clause (a) (1), for the words "forty-seven per cent.", the words "forty per cent. The Act was enacted on 27 May 1976.

Amendment of section 115

19. In section 115 of the Income-tax Act, in clause (i) with effect from the 1st day of April, 1977,—

(a) in sub-clause (a) (1), for the words "forty-seven per cent.", the words "forty per cent. "shall be substituted;

(b) in sub-clause (a) (2), for the words "fifty-five per cent", the words "fifty per cent. "shall be substituted; and

(c) in sub-clause (b), for the words "forty-five per cent", the words "forty per cent. "shall be substituted.

[Finance Act, 1976]

© Copyright. Taxmann Publications Pvt. Ltd.

Section 19, The Finance Act, 1976 (Act 66 of 1976).