Income-tax

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..... for the assessment year or, as the case may be, the financial year commencing on the 1st day of April, 1970, with the following modifications, namely:- (a) in section 2,- (i) for the figures 1970 , wherever they occur, the figures 1971 shall be substituted; (ii) for sub-section (3), the following sub-section shall be substituted, namely:- (3) In cases to which Chapter XII or section 164 of the Inc .....

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..... er association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act, not being a case to which any other Paragraph of this Part applies,- Rates of income-tax. (1) where the total income does not exceed Rs. 5,000 Nil; (2) where the total income exceeds Rs. 5,000 but does .....

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..... 0,000 but does not exceed Rs. 40,000 Rs. 6,000 plus 50 per cent of the amount by which the total income exceeds Rs. 30,000; (8) where the total income exceeds Rs. 40,000 but does not exceed Rs. 60,000 Rs. 11,000 plus 60 per cent of the amount by which the toad income exceeds Rs. 40,000; (9) where the total income exceeds Rs. 60,000 but does not exceed Rs. 80,000 Rs. 23,000 plus 70 per cent. of the .....

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..... re not less than eighteen years of age, or (b) that it has at least two members entitled to claim partition who are not lineally descended one from the other and who are not lineally descended from any other living member of the family,- (i) no income-tax shall be payable on a total income not exceeding Rs. 7,000; (ii) where the total income exceeds Rs. 7,000 but does not exceed Rs. 7,660, the inc .....

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..... ax in respect of any income chargeable to tax under section 164 of the Income-tax Act at the rate of sixty-five per cent.)' shall be inserted; (2) in Paragraph A, for the figures 1971 occurring in the proviso, the figures 1972 shall be substituted; (3) in Paragraph C, the following Explanation shall be inserted at the end, namely:- 'Explanation.-For the purposes of this Paragraph, register .....

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