https://www.taxtmi.com/acts?id=46142 Section 2 fixes income-tax for the assessment year beginning 1 April 1970 at the rates in Part I of the First Schedule with applicable surcharges, requires companies (other than LIC) with life-insurance profits to compute tax separately on the insurance portion at the LIC rate and on the remainder at the company rate, directs cases under Chapter XII to follow that Chapter's determination, prescribes deduction rates in Part II and calculation/deduction/advance tax rates in Part III, and supplies key definitions (domestic company, industrial company, tax free security) with undefined terms to be read from the Income-tax Act. en-us Thu, 12 Dec 2024 17:12:20 +0530 Tue, 25 Mar 2025 18:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46142 Section 2 fixes income-tax for the assessment year beginning 1 April 1970 at the rates in Part I of the First Schedule with applicable surcharges, requires companies (other than LIC) with life-insurance profits to compute tax separately on the insurance portion at the LIC rate and on the remainder at the company rate, directs cases under Chapter XII to follow that Chapter's determination, prescribes deduction rates in Part II and calculation/deduction/advance tax rates in Part III, and supplies key definitions (domestic company, industrial company, tax free security) with undefined terms to be read from the Income-tax Act. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 17:12:20 +0530 https://www.taxtmi.com/acts?id=46142