Tax rate reduction under section 115BB reduces the prescribed percentage, altering tax computation parameters effective from April 2002. Amendment to section 115BB substitutes the previously prescribed rate of forty per cent. with a rate of thirty per cent. in clause (i), effective from the ... Summary
Tax rate reduction under section 115BB reduces the prescribed percentage, altering tax computation parameters effective from April 2002.
Amendment to section 115BB substitutes the previously prescribed rate of forty per cent. with a rate of thirty per cent. in clause (i), effective from the first day of April, 2002.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.