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    <title>Rates of Income Tax for the Assessment Year 2009-10</title>
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    <description>Amendments to section 2 and the First Schedule set revised income tax charging for the assessment year commencing 1 April 2009, substituting Part I to prescribe slab based rates and surcharge rules for individuals (including women and senior citizens), cooperatives, firms, local authorities and companies, and modifying provisos and exemption thresholds; Part IV Rule 8 is amended to require specified prior year agricultural losses, where not previously set off, to be carried forward and set off against agricultural income in the specified subsequent previous years, subject to assessment determined losses.</description>
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    <pubDate>Mon, 30 Mar 2009 12:07:48 +0530</pubDate>
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      <description>Amendments to section 2 and the First Schedule set revised income tax charging for the assessment year commencing 1 April 2009, substituting Part I to prescribe slab based rates and surcharge rules for individuals (including women and senior citizens), cooperatives, firms, local authorities and companies, and modifying provisos and exemption thresholds; Part IV Rule 8 is amended to require specified prior year agricultural losses, where not previously set off, to be carried forward and set off against agricultural income in the specified subsequent previous years, subject to assessment determined losses.</description>
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