Finance Act 2025-25. Certain professionals referred to in section 44aa(1) of the income tax act whose total gross receipts from profession does not exceed rs. Appropriation (2024/25) act, 2024 (bill scheduled for enactment by 31 march 2024) 4.
A local authority is liable to pay alternative minimum tax where tax payable by it, on total income computed as per normal provisions of the act, is less than 18.5% of โadjusted total incomeโ. This letter summarizes changes to requirements under title iv of the higher education act resulting from the fafsa simplification act that will become effective for the.
