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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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