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Section 16 – Taxation Laws (Amendment) Act,2006

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;’.

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Taxation Laws (Amendment) Act,2006

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