Comparative Study of Section 148 of Income-tax Act, 1961 - Existing Version Vs. New Version (as substituted by Finance Bill 2024-25)
A BRIEF DISCUSSION ON THE PROPOSED NEW CHAPTER XIV-B IN THE FINANCE BILL
Finance Bill – 2010-Discussion on Proposed Amendments - Income-tax Act. 1961 DEFINITIONS: Charitable Purpose – Section 2(15) The original clause before its amendment by Finance Act, 2008 stood as follows (15)
Income-tax Act. 1961. CORPORATE TAX PROPOSALS Rates of Tax for AY 2010-2011 Ø Basic rate of tax for Domestic and Foreign Companies, Firms remain unchanged @ 30%.Dividend Distribution Tax also remains unchanged @15%.Ø Rate