Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →


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<h1>Income Tax Rate Unchanged for Partnership Firms in 2018-19; 12% Surcharge for Income Over Rs. 1 Crore with Marginal Relief.</h1> The Finance Bill, 2017, outlines that the income tax rate for partnership firms for the assessment year 2018-19 remains unchanged from the previous year, 2017-18. Firms with income exceeding one crore rupees will incur a surcharge of twelve percent, with provisions for marginal relief.
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