Statutory percentage increase: prescribed rate under Section 16 clause (i) is raised, effective from the new fiscal year. The amendment substitutes the words in clause (i) of Section 16 to replace the prior percentage with twenty-five per cent., and the substitution is made effective prospectively from the first day of the fiscal year commencing 1st April, 1983.
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Statutory percentage increase: prescribed rate under Section 16 clause (i) is raised, effective from the new fiscal year.
The amendment substitutes the words in clause (i) of Section 16 to replace the prior percentage with twenty-five per cent., and the substitution is made effective prospectively from the first day of the fiscal year commencing 1st April, 1983.
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