https://www.taxtmi.com/acts?id=46384 The section prescribes income-tax rates for the assessment year and mandates surcharge application where indicated. It sets a mechanism for treating net agricultural income alongside total income: aggregate total and agricultural income, compute tax on the aggregate, compute tax on agricultural income increased by the exempt threshold, and take the difference as the tax attributable to total income. Parallel rules apply for withholding, advance tax and certain charging provisions when agricultural income and threshold conditions are met. The section also specifies special tax aggregation for companies with life insurance profits and supplies definitions necessary for applying these rules. en-us Thu, 19 Dec 2024 17:01:18 +0530 Sat, 15 Mar 2025 13:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46384 The section prescribes income-tax rates for the assessment year and mandates surcharge application where indicated. It sets a mechanism for treating net agricultural income alongside total income: aggregate total and agricultural income, compute tax on the aggregate, compute tax on agricultural income increased by the exempt threshold, and take the difference as the tax attributable to total income. Parallel rules apply for withholding, advance tax and certain charging provisions when agricultural income and threshold conditions are met. The section also specifies special tax aggregation for companies with life insurance profits and supplies definitions necessary for applying these rules. Act-Rules F. Acts / Amendment Acts Thu, 19 Dec 2024 17:01:18 +0530 https://www.taxtmi.com/acts?id=46384