https://www.taxtmi.com/acts?id=46474 Amendments carry forward Finance Act, 1976 provisions to apply to the 1977 assessment year with modifications: income tax is charged at Part I rates and increased by a surcharge; companies may reduce or eliminate that surcharge by making qualifying deposits with the Industrial Development Bank of India under notified schemes in specified financial years, affecting surcharge liability in the following assessment year. The First Schedule is revised to set tiered rates and surcharge for individuals and HUFs, reletter paragraphs, and specify rules for carrying forward and setting off agricultural income losses across prior years. en-us Fri, 20 Dec 2024 14:23:27 +0530 Mon, 17 Mar 2025 12:02:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46474 Amendments carry forward Finance Act, 1976 provisions to apply to the 1977 assessment year with modifications: income tax is charged at Part I rates and increased by a surcharge; companies may reduce or eliminate that surcharge by making qualifying deposits with the Industrial Development Bank of India under notified schemes in specified financial years, affecting surcharge liability in the following assessment year. The First Schedule is revised to set tiered rates and surcharge for individuals and HUFs, reletter paragraphs, and specify rules for carrying forward and setting off agricultural income losses across prior years. Act-Rules F. Acts / Amendment Acts Fri, 20 Dec 2024 14:23:27 +0530 https://www.taxtmi.com/acts?id=46474