Tax rate adjustments revise specified statutory percentages under income-tax provisions effective April 1977. Amendment to Section 115 (effective 1 April 1977) substitutes lower statutory percentages: sub section (a)(1) to forty per cent, sub clause (a)(2) to ... Summary
Tax rate adjustments revise specified statutory percentages under income-tax provisions effective April 1977.
Amendment to Section 115 (effective 1 April 1977) substitutes lower statutory percentages: sub section (a)(1) to forty per cent, sub clause (a)(2) to fifty per cent, and sub clause (b) to forty per cent, enacted by the Finance Act, 1976.
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