Taxation Laws (Amendment) Act,2006
Section 16. Amendment of Section 194-J
In Section 194-J of the Income Tax Act, in sub-section (1),-
(i) in clause (b), the word “or” shall be inserted at the end;
(ii) after clause (b), the following clauses shall be inserted, namely:-
“(c) royalty, or
(d) any sum referred to in clause (v-a) of Section 28.”;
(iii) in the first proviso, in clause (B),-
(a) in sub-clause (ii), for the word, brackets and letter “clause (b):”, the words, brackets and letter “clause (b), or” Shall be substituted;
(b) after sub-clause (ii), the following clauses shall be inserted, namely:-
“(iii) twenty thousand rupees, in the case of royalty referred to in clause (c), or
(iv) twenty thousand rupees, in the case of sum referred to in clause (d):”;
(iv) in the Explanation, after clause (b), the following clause shall be inserted, namely:-
‘(ba) “royalty” shall have the same meaning as in Explanation 2 to clause (vi) of sub-section (1) of Section 9;’.
