Amendment to Section 109 reduces specified percentage thresholds in clause (iii), altering applicable tax threshold rules. The amendment substitutes the figures and notations in clause (iii) of Section 109 of the Income Tax Act, replacing the prior first percentage with a ... Summary
Amendment to Section 109 reduces specified percentage thresholds in clause (iii), altering applicable tax threshold rules.
The amendment substitutes the figures and notations in clause (iii) of Section 109 of the Income Tax Act, replacing the prior first percentage with a reduced first percentage and the prior second percentage with a reduced second percentage wherever they occur in that clause.
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