Tax rate change under Section 115AD increases the applicable rate for specified income effective from the stated fiscal year. Clause 19 substitutes the proviso to subsection (1) of Section 115AD of the Income-tax Act by replacing the former ten per cent. rate with fifteen per ... Summary
Tax rate change under Section 115AD increases the applicable rate for specified income effective from the stated fiscal year.
Clause 19 substitutes the proviso to subsection (1) of Section 115AD of the Income-tax Act by replacing the former ten per cent. rate with fifteen per cent., effective from the fiscal year beginning on the first day of April, 2009.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.