Amendment of Act 38 of 1974

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..... sment year commencing on the 1st day of April, 1976, and the assessment year commencing on the 1st day of April, 1977. shall be substituted; (b) in section 4, in sub-section (1), for the words a compulsory deposit for that assessment year at the rates specified in the Schedule. , the following shall be substituted, namely :- a compulsory deposit, - (i) for the assessment year commencing on the 1st .....

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..... s Rs. 70,000 Rs. 5,500 plus 12 per cent. of amount by which the current income exceeds Rs. 70,000 : Provided that in a case (whether falling under Paragraph A or Paragraph B) - (a) where the current income exceeds Rs. 15,000 but does not exceed Rs. 15,620, the compulsory deposit shall in no case exceed the amount by which the current income exceeds Rs. 15,000; (b) where the amount of compulsory de .....

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