# The Finance Act, 1996, Section 52: Amendment of section 206C

- Act: The Finance Act, 1996 (Act 33 of 1996)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1996/section/52/

## Text

Amendment of section 206C. 52. In section 206C of the Income-tax Act, in sub-section (I), for the Table, the following Table shall be substituted with effect from the 1st day of october, 1996; namely:— "TABLE S.No. | Nature of Goods | Percentage (1) | (2) | (3) (i) | Alcoholic liquor for human consumption (other than Indian-made foreign liquor) and tendu leaves | Ten per cent. (ii) | Timber obtained under a forest lease | Fifteen per cent. (iii) | Timber obtained by any mode other than under a forest lease | Five per cent. (iv) | Any other forest produce not being timber or tendu leaves. | Fifteen per cent." [Finance (No. 2) Act, 1996] © Copyright. Taxmann Publications Pvt. Ltd.

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