https://www.taxtmi.com/acts?id=37256 Section 35 prescribes that the direct tax payable by the employer for an accounting year is calculated at rates applicable to the employer's income while excluding prior-year loss carryforwards and arrears of depreciation. Exempt income of certain religious or charitable institutions is to be treated as income of a public-interest company. Individuals and Hindu undivided families are taxed on the basis that establishment income is their only income. Export-profit rebates and rebates other than specified development or investment allowances or credits for industry development are disregarded. en-us Thu, 25 Jul 2019 17:13:34 +0530 Thu, 08 Jan 2026 10:23:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37256 Section 35 prescribes that the direct tax payable by the employer for an accounting year is calculated at rates applicable to the employer's income while excluding prior-year loss carryforwards and arrears of depreciation. Exempt income of certain religious or charitable institutions is to be treated as income of a public-interest company. Individuals and Hindu undivided families are taxed on the basis that establishment income is their only income. Export-profit rebates and rebates other than specified development or investment allowances or credits for industry development are disregarded. Act-Rules Labour laws Thu, 25 Jul 2019 17:13:34 +0530 https://www.taxtmi.com/acts?id=37256