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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Income-tax Act Section 273 Amended: Corporate Tax Rate Changed from 75% to 83.33% Effective September 1, 1980.</h1> Section 273 of the Income-tax Act is amended, effective September 1, 1980. For companies, the amendment changes the percentage mentioned in sub-sections (1) and (2) from 'seventy-five per cent.' to 'eighty-three and one-third per cent.' This modification applies wherever the original percentage appears in these sub-sections, altering the applicable provisions for corporate assessees.
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