The rate of Income Tax is mentioned in:

CS Executive · Tax Laws and Practice · PYQS · December 2021
The rate of Income Tax is mentioned in:
(A) The Income Tax Act, 1961 only
(B) Income Tax Rules, 1962 only
(C) The First Schedule to the Annual Finance Act
(D) Income Tax Act, 1961 and the First Schedule to the Annual Finance Act.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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