Speak now

CHAPTER I PRELIMINARY 1. (1) This Act may be called the Finance Act, 2021. (2) Save as otherwise provided in this Act,— (a) sections 2 to 79 shall come into force on the 1st day of April, 2021; (b) sections 99 to 114 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. \ CHAPTER II RATES OF INCOME-TAX 2. (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2021, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax............