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Amendment of section 206C.

Clause 86 - Bill - DIRECT TAXES - Bill - Clause 86 - 86. In section 206C of the Income-tax Act, with effect from the 1st day of June, 2016,- (i) in sub-section (1), in the Table, after serial number (vii) and the entries relating thereto, the following serial number and entries shall be inserted, namely:- Sl. No. Nature of goods Percentage (1) (2) (3) (viii) Motor vehicle, value exceeding ten lakh rupees one per cent.: ; (ii) in sub-section (1D),- (A) after the words or jewellery , the words or .....

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