Concessional tax rate reduction under section 115S lowers the statutory rate applied to specified income and affects withholding. Amendment reduces the concessional levy in section 115S by substituting the previous rate of one and one-fourth per cent. with one per cent., narrowing the statutory rate applicable under that provision without altering other textual provisions.
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Provisions expressly mentioned in the judgment/order text.
Concessional tax rate reduction under section 115S lowers the statutory rate applied to specified income and affects withholding.
Amendment reduces the concessional levy in section 115S by substituting the previous rate of one and one-fourth per cent. with one per cent., narrowing the statutory rate applicable under that provision without altering other textual provisions.
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