Home Acts & Rules Finance Act / Amendment Acts Finance Acts FINANCE (No. 2) ACT, 2009 Chapters List Chapter III DIRECT TAXES This
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Section 62 - Amendment of section 194-I - FINANCE (No. 2) ACT, 2009Extract Amendment of section 194-I. 62. In section 194-I of the Income-tax Act, for clauses (a), (b) and (c), the following clauses shall be substituted with effect from the 1st day of October, 2009, namely:— "(a) two per cent. for the use of any machinery or plant or equipment; and (b) ten per cent. for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings:".
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