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of <h1>Section 324's broader wording allows tax rates from various central statutes, creating uncertainty versus Finance Act anchoring</h1> Section 324 in the Act charges tax on a firm's total income at the rate 'as specified in any Central Act' whereas the Bill originally tied the rate specifically to 'the Finance Act of the relevant year.' The Act's broader wording potentially permits rates set by multiple central statutes, increasing the need to survey other enactments and creating interpretive uncertainty; the Bill's wording offers clearer administrative practice by anchoring rates to the annual Finance Act. The documents do not state legislative intent, transitional rules, or whether administrative guidance will resolve any ambiguity.
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