https://www.taxtmi.com/acts?id=46049 Income-tax for the assessment year commencing 1 April 1969 is charged at rates in Part I of the First Schedule, with applicable surcharges; companies with life insurance profits pay aggregate tax applying the Life Insurance Corporation rate to the insurance portion and the company rate to the remainder. Deduction provisions use Part II rates; certain salary, payment and advance tax computations use Part III rates. The section prescribes meanings for "domestic company", "industrial company", "tax free security" and adopts Income-tax Act definitions for other terms. en-us Wed, 11 Dec 2024 17:42:03 +0530 Wed, 11 Dec 2024 17:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46049 Income-tax for the assessment year commencing 1 April 1969 is charged at rates in Part I of the First Schedule, with applicable surcharges; companies with life insurance profits pay aggregate tax applying the Life Insurance Corporation rate to the insurance portion and the company rate to the remainder. Deduction provisions use Part II rates; certain salary, payment and advance tax computations use Part III rates. The section prescribes meanings for "domestic company", "industrial company", "tax free security" and adopts Income-tax Act definitions for other terms. Act-Rules F. Acts / Amendment Acts Wed, 11 Dec 2024 17:42:03 +0530 https://www.taxtmi.com/acts?id=46049