Income-tax rates and surcharge structure for varied assessee classes, plus withholding and net agricultural income rules. Graded income-tax schedules and surcharge provisions prescribed for individuals, HUFs, firms, cooperatives, local authorities and companies; Part II sets ... Summary
Income-tax rates and surcharge structure for varied assessee classes, plus withholding and net agricultural income rules.
Graded income-tax schedules and surcharge provisions prescribed for individuals, HUFs, firms, cooperatives, local authorities and companies; Part II sets withholding rates for specified payments under sections relating to tax deduction at source; Part IV prescribes rules for computing net agricultural income by treating different types of agricultural receipts under analogous heads of income with specified modifications, rules for partnership and association shares, loss set-off/carry-forward, deduction of state agricultural taxes, and assessment powers for the Income-tax Officer.
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