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    Question

    Which of the following statement is

    correct?
    A Part IV of the First Schedule to the Finance Act specifies the rates of tax applicable for the current Assessment Year Correct Answer Incorrect Answer
    B Part I of the First Schedule to the Finance Act specifies the rates of tax applicable for the current Assessment Year Correct Answer Incorrect Answer
    C Part II of the First Schedule to the Finance Act specifies the rates of tax applicable for the current Assessment Year Correct Answer Incorrect Answer
    D Part III of the First Schedule to the Finance Act specifies the rates of tax applicable for the current Assessment Year Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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