Telecom Regulatory Authority of India Act : Amendment of section 4.Interest-tax Indian Bare Acts :

Telecom Regulatory Authority of India Act,1997

Act No : 24

Section : Amendment of section 4.Interest-tax

59. Amendment of section 4. Interest-tax In section 4 of the Interest-tax Act, 1974 (hereinafter referred to as the Interest-tax Act), in sub-section (2), the following proviso shall be inserted with effect from the 1stday of April, 1998, namely:- "Provided that the rate at which interest-tax shall be charged in respect of any chargeable interest accruing or arising after the 31st day of March, 1997 shall be two per cent. of such chargeable interest".