Tax exemption rate change under Section 80I reduces the allowable deduction rate for the fiscal year effective April Amendment reduces the statutory tax exemption rate under Section 80I by substituting the earlier prescribed rate with a lower prescribed rate, the change ... Summary
Tax exemption rate change under Section 80I reduces the allowable deduction rate for the fiscal year effective April
Amendment reduces the statutory tax exemption rate under Section 80I by substituting the earlier prescribed rate with a lower prescribed rate, the change being effected prospectively by the Finance (No. 2) Act, 1971 with legal effect from the commencement of the specified fiscal period beginning in April.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.