Section 27 - Amendment of section 115A. - Finance Act, 2013

Amendment of section 115A. 27. In section 115A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2014, (I) in clause (a), (A) after sub-clause (iiaa), the following sub-clause shall be inserted, namely: (iiab) interest of the nature and extent referred to in section 194LD; or ; (B) in item (BA), after the words, brackets, figures and letters subclause (iiaa) , the words, brackets, figures and letters or subclause (iiab) shall be inserted; (C) in item (D), for the words, brackets, figures and letters sub-clause (iiaa) , the words, brackets, figures and letters sub-clause (iiaa), sub-clause (iiab) shall be substituted; (II) in clause (b), for sub-clauses (A), (AA), (B) and (BB), the following subclauses shall be substituted, namely: (A) the amount of income-tax calculated on the income by way of royalty, if any, included in the total income, at the rate of twentyfive per cent; (B) the amount of income-tax calculated on the income by way of fees for technical services, if any, included in the total income, at the rate of twenty-five per cent; and .