https://www.taxtmi.com/acts?id=46193 Income-tax for the assessment year beginning on the first day of April, 1971, is charged at rates in Part I of the First Schedule with applicable surcharges; TDS rates are specified in Part II and special calculation or advance tax situations use Part III. Companies with life insurance business must segregate insurance profits and tax that portion at the Life Insurance Corporation rate while taxing remaining income at the company rate. Chapter XII and the cited section modify charges where applicable. Subsection (6) defines key terms including domestic company, industrial company, and tax free security, and otherwise incorporates definitions from the Income-tax Act. en-us Mon, 16 Dec 2024 16:42:04 +0530 Mon, 16 Dec 2024 16:42:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46193 Income-tax for the assessment year beginning on the first day of April, 1971, is charged at rates in Part I of the First Schedule with applicable surcharges; TDS rates are specified in Part II and special calculation or advance tax situations use Part III. Companies with life insurance business must segregate insurance profits and tax that portion at the Life Insurance Corporation rate while taxing remaining income at the company rate. Chapter XII and the cited section modify charges where applicable. Subsection (6) defines key terms including domestic company, industrial company, and tax free security, and otherwise incorporates definitions from the Income-tax Act. Act-Rules F. Acts / Amendment Acts Mon, 16 Dec 2024 16:42:04 +0530 https://www.taxtmi.com/acts?id=46193