# The Finance Act, 1986, Section 25: Amendment of section 115A

- Act: The Finance Act, 1986 (Act 23 of 1986)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1986/section/25/

## Text

Amendment of section 115A. 25. In section 115A of the Income-tax Act, in sub-section (2), with effect from the 1st day of April, 1987,— (a) for clause (ii), the following clause shall be substituted, namely:— "(ii) the amount of income-tax calculated on the income by way of royalty, if any, included in the total income, at the rate of thirty per cent.;"; (b) in clause  (iii), for the words "forty per cent", the, words thirty per cent.'' shall be substituted. [Finance Act, 1986] © Copyright. Taxmann Publications Pvt. Ltd.

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