Finance Act, 1976
Amendment of section 525 (tax to be charged on consideration for certain restrictive covenants, etc.) of Income Tax Act, 1967. |
8.— Section 525 (1) of the Income Tax Act, 1967 , is hereby amended by the substitution for “as received by him after deduction of tax” of “as if it were a sum received by him after deduction of tax at the standard rate”. |