# The Finance Act, 2016, Section 78: Amendment of section 194G

- Act: The Finance Act, 2016
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2016/section/78/

## Text

Amendment of section 194G. 78. In section 194G of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2016,— (i) | for the words "one thousand rupees", the words "fifteen thousand rupees" shall be substituted; (ii) | for the words "ten per cent", the words "five per cent" shall be substituted.

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