Section 15 - Amendment of section 194-I. - Taxation Laws (Amendment) Act, 2006

Amendment of section 194-I. 15. In section 194-I of the Income-tax Act, in the Explanation, for clause (i), the following clause shall be substituted, namely:- '(i) rent means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any, - (a) land; or (b) building (including factory building); or (c) land appurtenant to a building (including factory building); or (d) machinery; or (e) plant; or (f) equipment; or (g) furniture; or (h) fittings, whether or not any or all of the above are owned by the payee;'.