Section 3 - Amendment of the First Schedule - Taxation Laws (Amendment) Act, 2001

3. Amendment of the First Schedule. In the First Schedule to the principal Act,- (a) in Part II, under the heading Surcharge on income-tax,- (i) in item (a), for the words ten per cent. , the words twelve per cent. shall be substituted; (ii) in item (b), for the words eleven per cent. , the words thirteen per cent. shall be substituted; (b) in Part III, in Paragraph A, under the heading Surcharge on income-tax, (i) in item (i), (A) in sub-item (A), for the words ten per cent. , the words twelve per cent. shall be substituted; (B) in sub-item (B), for the words fifteen per cent. , the words seventeen per cent. shall be substituted; (ii) in item (ii), for the words ten per cent. , the words twelve per cent. shall be substituted; (c) in Part III, in Paragraph B, under the heading Surcharge on income-tax, for the words ten per cent. , the words twelve per cent. shall be substituted; (d) in Part III, in Paragraph C, under the heading Surcharge on income-tax, for the words ten per cent. , the words twelve per cent. shall be substituted; (e) in Part III, in Paragraph D, under the heading Surcharge on income-tax, for the words ten per cent. , the words twelve per cent. shall be substituted; (f) in Part III, in Paragraph E, under the heading Surcharge on income-tax, for the words eleven per cent. , the words thirteen per cent. shall be substituted.