Taxation Laws (Amendment) Act,2006
Section 15. Amendment of Section 194-I
In Section 194-I of the Income Tax Act, in the Explanation, for clause (i), the following clause shall be substituted, namely:-
‘(a) “rent” means any payment, by whatever name called, under any lease, sublease, tenancy or any other agreement or arrangement for the use of (either separately or together) any,-
(a) land; or
(b) building (including factory building); or
(c) land appurtenant to a building (including factory building); or
(d) machinery; or
(e) plant; or
(f) equipment; or
(g) furniture; or
(h) fittings,
whether or not any or all of the above are owned by the payee;
