https://www.taxtmi.com/news?id=750 The Bill continues the existing income-tax rates and First Schedule provisions of the Finance Act, 2008 for the assessment year and financial year commencing on the first day of April, 2009, with amendments increasing exemption thresholds, substituting revised slab tables for individuals (including women and senior citizens), retaining surcharge mechanisms for higher incomes, preserving distinct rates for cooperatives, firms and companies, and amending Part IV Rule 8 to prescribe the set-off of specified prior-year agricultural losses against agricultural income in the relevant subsequent years. en-us Mon, 16 Feb 2009 15:51:08 +0530 Mon, 16 Feb 2009 15:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=750 The Bill continues the existing income-tax rates and First Schedule provisions of the Finance Act, 2008 for the assessment year and financial year commencing on the first day of April, 2009, with amendments increasing exemption thresholds, substituting revised slab tables for individuals (including women and senior citizens), retaining surcharge mechanisms for higher incomes, preserving distinct rates for cooperatives, firms and companies, and amending Part IV Rule 8 to prescribe the set-off of specified prior-year agricultural losses against agricultural income in the relevant subsequent years. News - Mon, 16 Feb 2009 15:51:08 +0530 https://www.taxtmi.com/news?id=750