https://www.taxtmi.com/acts?id=46978 The section charges income-tax for the assessment year beginning 1 April 1986 at rates in the First Schedule, with a surcharge subject to reduction where a company made prescribed deposits under the relevant scheme. It prescribes an aggregation-and-subtraction method for including net agricultural income in tax computation-tax on aggregate income is reduced by tax on agricultural income increased by an exempt amount-and orders that withholding, advance tax and other specified computations follow Parts II and III of the First Schedule or relevant Chapters and sections of the Income tax Act. The section also supplies key operative definitions. en-us Fri, 03 Jan 2025 14:53:01 +0530 Fri, 03 Jan 2025 14:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46978 The section charges income-tax for the assessment year beginning 1 April 1986 at rates in the First Schedule, with a surcharge subject to reduction where a company made prescribed deposits under the relevant scheme. It prescribes an aggregation-and-subtraction method for including net agricultural income in tax computation-tax on aggregate income is reduced by tax on agricultural income increased by an exempt amount-and orders that withholding, advance tax and other specified computations follow Parts II and III of the First Schedule or relevant Chapters and sections of the Income tax Act. The section also supplies key operative definitions. Act-Rules F. Acts / Amendment Acts Fri, 03 Jan 2025 14:53:01 +0530 https://www.taxtmi.com/acts?id=46978