https://www.taxtmi.com/acts?id=9660 Finance Act, 2004 amends section 2 and substitutes PART I of the First Schedule to revise income tax rates and surcharge application for the financial year commencing 1 April 2004. It prescribes a revised tiered rate structure for individuals/HUFs/AOPs/BOIs and certain artificial juridical persons, distinct surcharges for different classes of assessees, special company rates for specified royalties and fees, and a rebate reduction prior to surcharge. Amendments to Rule 8 mandate set off of specified prior years' agricultural losses against agricultural income for the assessment years commencing 1 April 2004 and 1 April 2005, and bar set off of losses not determined by the Assessing Officer under prior enactments. en-us Tue, 21 Oct 2008 15:36:31 +0530 Tue, 21 Oct 2008 15:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9660 Finance Act, 2004 amends section 2 and substitutes PART I of the First Schedule to revise income tax rates and surcharge application for the financial year commencing 1 April 2004. It prescribes a revised tiered rate structure for individuals/HUFs/AOPs/BOIs and certain artificial juridical persons, distinct surcharges for different classes of assessees, special company rates for specified royalties and fees, and a rebate reduction prior to surcharge. Amendments to Rule 8 mandate set off of specified prior years' agricultural losses against agricultural income for the assessment years commencing 1 April 2004 and 1 April 2005, and bar set off of losses not determined by the Assessing Officer under prior enactments. Act-Rules F. Acts / Amendment Acts Tue, 21 Oct 2008 15:36:31 +0530 https://www.taxtmi.com/acts?id=9660