Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Act, 1963: Tax Rates, Surcharges, Deductions, and Industry Exemptions for Assessment Year Starting April 1, 1963</h1> The Finance Act, 1963, outlines the taxation framework for the assessment year starting April 1, 1963. It specifies income tax and super tax rates, including surcharges and additional surcharges for various income categories, as detailed in the First Schedule. The Act addresses assessments involving salaries, life insurance business profits, and export-related deductions. It provides guidelines for tax deductions at source and defines key terms like 'assessment year' and 'average rate of income tax.' Specific provisions apply to industries listed in the Industries (Development and Regulation) Act, 1951, with certain exemptions for specified goods.