Taxation Laws (Amendment) Act,2006
Section 8. Amendment of Section 40
In Section 40 of the Income Tax Act, in clause (a), in sub-clause (id), with effect from the 1st day of April,2006,-
(a) after the words “commission or brokerage,”, the words “rent, royalty,” shall be inserted’,
(b) in the Explanation, after clause (iv), the following clauses shall be inserted at the end, namely:-
‘(v) “rent” shall have the same meaning as in clause (i) to the Explanation to Section 194-1;
(vi) “royalty” shall have the same meaning as in Explanation 2 to clause (vi) of sub-section (1) of Section 9;
