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of <h1>Finance Act 1990 Amends Air Travel Tax: Redefines 'Fare', Removes Currency Restriction, Raises Tax Rate in Sections 41 & 42.</h1> The Finance Act of 1990 amends the Finance Act of 1989 regarding inland air travel tax. The amendment redefines 'fare' in section 41 to include all charges payable to the carrier, such as food and accommodation, for an inland journey. Additionally, section 42 is modified to remove the requirement that the fare be paid in Indian currency and increases the applicable tax rate from ten percent to fifteen percent. These changes will take effect from a date specified by the Central Government through a notification in the Official Gazette.
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