Amendment to taxable goods list adds cotton and jute textiles to the Fifth Schedule, altering taxable textile classifications.

Amendment of the Fifth Schedule to the Income-tax Act inserts two entries adding textiles made wholly or mainly of cotton (including cotton yarn, hosiery and rope) and textiles made wholly or mainly of jute (including jute twine and jute rope), with coverage extending to dyed, printed or otherwise processed goods and effective from the schedule's stated commencement date.

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