Tax rate amendment: prescribed rate in Section 86A adjusted upward by legislative amendment, affecting applicable tax calculations. The Income-tax Act amendment substitutes the word "twenty-five" in section 86A with "twenty-seven and a half", effecting a textual change to the statutory ... Summary
Tax rate amendment: prescribed rate in Section 86A adjusted upward by legislative amendment, affecting applicable tax calculations.
The Income-tax Act amendment substitutes the word "twenty-five" in section 86A with "twenty-seven and a half", effecting a textual change to the statutory rate expression while leaving the remainder of the provision unchanged.
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