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        F. Acts / Amendment Acts

        Section 4 - Amendment of Section 37

        Finance (No. 2) Act, 1962

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        Deduction rate amendment reduces prescribed proportional deductions by substituting previously higher rates with lower prescribed rates under tax law. Amendment of Section 37(2) substitutes the figures and notations '3/4%' with '1/2%' and '1/2%' with '1/4%', thereby reducing the statutory proportional deduction rates used in computing the specified deduction under that subsection.
                          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.

                                Deduction rate amendment reduces prescribed proportional deductions by substituting previously higher rates with lower prescribed rates under tax law.

                                Amendment of Section 37(2) substitutes the figures and notations "3/4%" with "1/2%" and "1/2%" with "1/4%", thereby reducing the statutory proportional deduction rates used in computing the specified deduction under that subsection.


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