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The Gazette of India

EXTRAORDINARY

PART II—Section 1

PUBLISHED BY AUTHORITY

No. 38] NEW DELHI, MONDAY, DECEMBER, 9,1963/AGRAHAYANA 18,l885

MINISTRY OF LAW (Legislative Department) New Delhi, the 9th December, 1963/Agrahayana 18, 1885 (Saha) The following Act of Parliament received the assent of the Pre- sident on the 9th December, 1963 and is hereby published for general information:—

THE INCOME-TAX (AMENDMENT) ACT, 1963

No. 43 OF 1963

[9th December, 1963]

An Act further to amend the Income-tax Act, 1961

BE it enacted by Parliament in the Fourteenth Year of the Republic of India as follows: —

1, (1) This Act may be called the Income-tax (Amendment) Act, 1963.

Short title and com- mencement (2) It shall be deemed to have come into force on the 1st day of April, 1963.

43 of 1961. 2. In section 33 of the Income-tax Act, 1961, in sub-section (1) —

Amendment of section 33- (a) in clause (i), the word "and" where it occurs last shall be omitted;

(b) for clause (ii) the following clauses shall be substi- tuted, namely: —

"(ii) in the case of machinery or plant installed before the 1st day of April, 1961, twenty-five per cent, of the actual cost of the machinery or plant to the assessee and457

(a) where the machinery or plant Is Installed after the 31st day of March, 1963 and before the 1st day of April, 1966, for the purposes of business of mining coal, thirty-five per cent, of the actual cost of the machinery or plant to the assessee, and

(b) in any other case, twenty per cent, of the actual cost of the machinery or plant to the assessee,".

R. C. S. SARKAR,

Secy, to the Govt. of India.