https://www.taxtmi.com/circulars?id=4527 Finance Act, 1973 prescribes revised income tax rates and implements expanded withholding provisions by inserting section 194D for deduction of tax at source on insurance commission and by amending section 194C to require co operative societies to deduct tax on payments to contractors; it also adopts a partial integration scheme taking net agricultural income into account for rate determination where non agricultural income exceeds the exemption limit, sets detailed computation steps and surcharge rules, and introduces substantive changes to capital gains, management compensation taxation, specified deductions and targeted reliefs including reinvestment relief on compulsory acquisition and extended concessions under sections 80C and 80G. en-us Mon, 26 Nov 1973 00:00:00 +0530 Sat, 09 Aug 2008 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4527 Finance Act, 1973 prescribes revised income tax rates and implements expanded withholding provisions by inserting section 194D for deduction of tax at source on insurance commission and by amending section 194C to require co operative societies to deduct tax on payments to contractors; it also adopts a partial integration scheme taking net agricultural income into account for rate determination where non agricultural income exceeds the exemption limit, sets detailed computation steps and surcharge rules, and introduces substantive changes to capital gains, management compensation taxation, specified deductions and targeted reliefs including reinvestment relief on compulsory acquisition and extended concessions under sections 80C and 80G. Circulars Income Tax Mon, 26 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4527