Continuation of income-tax rates maintains existing rates for the financial year; Section 2 commences on 1 April. Continuation of existing income-tax rates is enacted by the Finance Act, 2014, presented as the Finance Bill, 2014. The Act is titled Finance Act, 2014, and its commencement clause specifies that Section 2 shall come into force on the first day of April of the relevant financial year, thereby establishing the effective date for the preserved tax rate structure.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Continuation of income-tax rates maintains existing rates for the financial year; Section 2 commences on 1 April.
Continuation of existing income-tax rates is enacted by the Finance Act, 2014, presented as the Finance Bill, 2014. The Act is titled Finance Act, 2014, and its commencement clause specifies that Section 2 shall come into force on the first day of April of the relevant financial year, thereby establishing the effective date for the preserved tax rate structure.
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