Section 167A
Charge of tax in the case of a firm Repealed
About this Act
An Act to consolidate and amend the law relating to income-tax and super-tax
1In the case of a firm which is assessable as a firm, tax
shall be charged on its total income at the 2
rate as specified in the Finance Act of the relevant year.
Notes
1. Subs. by Act 18 of 1992, s. 64, for the sub-heading “DD.—Association of persons and body of individuals” (w.e.f. 1-4-
1993).
2. Subs. by Act 26 of 1997, s. 44, for “maximum marginal rate” (w.e.f. 1-4-1998).
2. Subs. by Act 26 of 1997, s. 44, for “maximum marginal rate” (w.e.f. 1-4-1998).