AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required

Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

Try Now →

Call Us / Help / Feedback✕

TMI Blog

Home /

Previous Next

Amendment of Act 27 of 1957

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

....t shall be substituted, namely :- "PART I (1) In the case of every individual or Hindu undivided family, not being a Hindu undivided family to which item (2) of this Part applies, - Rates of tax (a) where the net wealth does not exceed Rs. 2,50,000 1/2 per cent. of the net wealth; (b) where the net wealth exceeds Rs. 2,50,000 but does not exceed Rs. 5,00,000 Rs. 12,50 pl....

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

.... 5 per cent. of the amount by which the net wealth exceeds Rs. 1,00,000. (2) In the case of every Hindu undivided family which has at least one member whose net wealth assessable for the assessment year exceeds Rs. 1,00,000, - Rates of tax (a) where the net wealth does not exceed Rs. 2,50,000 1 1/2 per cent. of the net wealth; (b) where the net wealth exceeds Rs. 2,50,000 but ....

Previous Next

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

Amendment of Act 27 of 1957