Section 324 — Assessment of firms
Charge of tax in case of a firm
Old Act equivalent: Section 44A of IT Act 1961 Sub-part: Profits and Gains of Business or Profession — Computation Rules
Statutory Text
- In the case of a firm which is assessable as a firm, tax shall be charged on its
total income at the rate as specified in any Central Act for relevant tax year. Assessment as a firm.
Provisos
None.
Explanations
None.
Tables
None.
Cross-References
To be updated.
Notes
- Verification status: pending
- Auto-generated from IT Act 2025 PDF on 2026-04-13