Liability to pay income-tax

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..... referred to in sub-section (1), shall be the amount of income tax calculated at the rate specified in the First Schedule and in the manner provided therein. (3) However, if a person is a company, the liability to pay income-tax referred to in sub-section (1) shall be the higher of the following amounts:- (a) the amount of the liability calculated under sub-section (2); and (b) the a .....

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