Amendment of section 115TD.

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Full Text of the Document

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...., 2020. - Clause 61 of the Bill seeks to amend section 115TD of the Income-tax Act relating to tax on accreted income. Sub-section (1) of the said section provides for payment of additional income-tax on the specified date by the name tax on accreted income, notwithstanding anything contained in that Act, to be paid at the maximum marginal rate where in any previous year, a trust or instit....