TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act, 1980: Maintains 1979 Tax Rates, Adds Exemptions for Ladakh, Statutory Bodies, and Distress Relief Awards.</h1> The Finance Act, 1980, enacted as Act 13 of 1980, maintains the existing income-tax rates from the Finance Act, 1979, with modifications and introduces amendments to the Income-tax Act, 1961. Tax rates for the assessment year 1980-81 remain unchanged for all taxpayers, with specific provisions for advance tax and tax deductions. Amendments include tax exemptions for awards related to alleviating distress, reviving tax exemptions for Ladakh residents for three years, and exempting income of statutory bodies promoting scheduled castes and tribes from tax. These changes aim to clarify tax liabilities and support socio-economic development initiatives.
TaxTMI 
TaxTMI 
