Finance Act 2010
(Applicable for May2011 & Nov2011 Exams)
(Applicable for May2011 & Nov2011 Exams)
INCOME TAX
*Rate of MAT u/s115JB is increased from 15% to 18%
*Marginal Relief is allowed to Domestic & Foreign Company
WEALTH TAX
*Wealth Tax@1% on taxable Net wealth in excess of Rs.30 Lac
*Wealth Tax@1% on taxable Net wealth in excess of Rs.30 Lac
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