Amendment to income-tax surcharge provision removes surcharge reference and limits tax computation to income-tax alone. Amendment deletes the phrase increasing income-tax by a surcharge in the provision's primary sub section and substitutes "the income-tax" for "the ... Summary
Amendment to income-tax surcharge provision removes surcharge reference and limits tax computation to income-tax alone.
Amendment deletes the phrase increasing income-tax by a surcharge in the provision's primary sub section and substitutes "the income-tax" for "the aggregate of the income-tax and surcharge" in the related clause, thereby limiting the taxable figure to income-tax alone.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.