# The Finance Act, 2007, Section 81: Amendment of Second Schedule

- Act: The Finance Act, 2007
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2007/section/81/

## Text

Amendment of Second Schedule. 81. In the Second Schedule to the Income-tax Act, with effect from the 1st day of April, 2008,— (a ) in rule 60, in sub-rule (1), in clause (a), for the words "fifteen per cent per annum", the words "one and one-fourth per cent for every month or part of a month" shall be substituted; (b ) in rule 68A, in sub-rule (3), for the words "six per cent per annum", the words "one-half per cent for every month or part of a month" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.

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