CONTENTS AND WEIGHTAGE IN PREVIOUS EXAMS

However some of the income tax rates are not mentioned in Finance Act but they have been mentioned in Act itself, such as Tax on lottery income is 30% as per section 115BB and tax on long-term capital gains is 20% as per section 112 and if equity shares are sold after 1/10/2004 the STCG are taxable at 15% as per section 111A. ................
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