https://www.taxtmi.com/acts?id=49478 Prescribes statutory income-tax and withholding rates across assessees and income categories, distinguishing individuals, co-operative societies, firms, local authorities and companies (domestic and non-domestic) and specifying reduced rates for approved royalty and technical services agreements. Sets withholding percentages for resident and non-resident recipients on interest, winnings, insurance commission, royalty, technical fees and capital gains, cross-references Chapter XII-A definitions, and provides corresponding rates for salary withholding and advance tax computation. Establishes rules for computing net agricultural income by allocating agricultural receipts to appropriate heads, applying selected Income tax Act provisions, specifying special treatments (e.g., tea sales), loss set off and carry forward limitations, and procedural powers for assessment. en-us Fri, 21 Feb 2025 13:20:40 +0530 Fri, 21 Feb 2025 13:20:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49478 Prescribes statutory income-tax and withholding rates across assessees and income categories, distinguishing individuals, co-operative societies, firms, local authorities and companies (domestic and non-domestic) and specifying reduced rates for approved royalty and technical services agreements. Sets withholding percentages for resident and non-resident recipients on interest, winnings, insurance commission, royalty, technical fees and capital gains, cross-references Chapter XII-A definitions, and provides corresponding rates for salary withholding and advance tax computation. Establishes rules for computing net agricultural income by allocating agricultural receipts to appropriate heads, applying selected Income tax Act provisions, specifying special treatments (e.g., tea sales), loss set off and carry forward limitations, and procedural powers for assessment. Act-Rules F. Acts / Amendment Acts Fri, 21 Feb 2025 13:20:40 +0530 https://www.taxtmi.com/acts?id=49478