Clarification on the Explanatory Notes on the provisions of the Taxation Laws (Amendment) Act, 1991

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..... 1) explaining the provisions of the Taxation Laws (Amendment) Act, 1991, it has been stated that surcharge at the enhanced rates would be payable also in cases where income-tax has to be charged under sub-section (4) of section 172 of the Income-tax Act (relating to collection of tax in respect of profits of non- residents from occasional shipping business) at the rates in force for the financial .....

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