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    <description>Rates of income tax for the assessment year commencing 1 April 1985 are prescribed and subject to surcharge provisions and special computational rules. Companies may reduce or extinguish surcharge by making specified deposits under a Government notified scheme with the Industrial Development Bank of India. Net agricultural income above a threshold is aggregated with total income for tax charging via an aggregation, increased agricultural income taxation and subtraction method, subject to provisos limiting excesses and surcharge application.</description>
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