Finance Act, 2003 Section 169

Section Text

10 of 1897) shall apply upon such cesser of operation as if the amendment so made had then been repealed by a Central Act. income tax on a total income of sixty thousand rupees by more than the amount of income that exceeds sixty thousand rupees. Paragraph B In the case of every co-operative society," Rates of income-tax (1) where the total income does not 10 per cent of the total income; exceed Rs. 10,000 (2) where the total income exceeds Rs. 1 ,000 plus 20 per cent of the Rs. 10,000 but does not exceed amount by which the total income Rs. 20,000 exceeds Rs. 10,000; (3) where the total income exceeds Rs.3,000 plus 30 per cent of the Rs. 20,000 amount by which the total income exceeds Rs. 20,000. Surcharge on income-tax The amount of income-tax computed in accordance with the preceding provisions of this Paragraph, or in section 112, or section 113, shall, in the case of every co-operative society, be increased by a surcharge for purposes of the Union calculated at the rate of five per cent of such income-tax. Paragraph C In the case of every firm," Rate of income-tax On the whole of the total income35 per cent. Surcharge on income-tax The amount of income-tax computed at the rate hereinbefore specified, or in section 112 or section 113, shall, in the case of every firm, be increased by a surcharge for purposes of the Union calculated at the rate of five per cent of such income-tax. Paragraph D In the case of every local authority," Rate of income-tax Or the whole of the total income30 per cent. Surcharge on income-tax The amount of income-tax computed at the rate hereinbefore specified, or in section 112 or section 113, shall, in the case of every local authority, be increased. Central Bare Acts