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    <title>FIRST SCHEDULE</title>
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    <description>The Schedule prescribes statutory income tax rates and surcharge rules for different taxpayer classes (individuals, HUFs, cooperatives, firms, local authorities, domestic and non domestic companies), specifies withholding rates for various income types under tax deduction provisions distinguishing residents and non residents, and sets detailed rules for computing net agricultural income including treatment of specific crop receipts, loss set off across specified prior years, deduction of state agricultural taxes, and application of assessment procedures by the Assessing Officer.</description>
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      <description>The Schedule prescribes statutory income tax rates and surcharge rules for different taxpayer classes (individuals, HUFs, cooperatives, firms, local authorities, domestic and non domestic companies), specifies withholding rates for various income types under tax deduction provisions distinguishing residents and non residents, and sets detailed rules for computing net agricultural income including treatment of specific crop receipts, loss set off across specified prior years, deduction of state agricultural taxes, and application of assessment procedures by the Assessing Officer.</description>
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