# The Finance Act, 1992, Section 6: Amendment of section 15

- Act: The Finance Act, 1992 (Act 18 of 1992)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1992/section/6/

## Text

Amendment of section 15. 6. In section 15 of the Income-tax Act, the Explanation shall be renumbered as Explanation 1, and after Explanation 1 as so renumbered, the following Explanation shall be inserted, with effect from the 1st day of April, 1993, namely:— 'Explanation 2.—Any salary, bonus, commission or remuneration, by whatever name called, due to, or received by, a partner of a firm from the firm shall not be regarded as "salary" for the purposes of this section.'. [Finance Act, 1992] © Copyright. Taxmann Publications Pvt. Ltd.

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