Amendment of act 27 of 1957
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....t, 1957, (1) clause (xx) of sub section (1) of section 5 shall be omitted; (2) in the Schedule, for Part I, the following Part shall be substituted, namely : "PART I ....
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....the first rupees four lakhs of net wealth.. Nil (ii) on the next rupees seven lakhs of net wealth.. 1% (iii) on the next rupees ten lakhs of net wealth.. 1.75% (iv)....
TaxTMI