Partnership firms engaged in any, profession trade or callings

Rs. 25001- per annum Rs. 25001- per annum

Rs. 25001- per annum

1. (a) But not liable topay income tax on theincome of the firm
2. (b) Firm liable to income tax Rs. 25001- per annum Rs. 25001- per annum The Indian Stamp (Nagaland second Amendment) Act, 1999. (Act No. 8 of 1999) Received the assent of the Governor of Nagaland on 17/07/1999 and published in theNagaland Gazette Extraordinary dated: 25th ofAugust, 1999. To amend the Indian StampAct, 1899in its application to Nagaland. Preamble-Whereas it is expedient to amend the Indian StampAct, 1899 (Act, I1 of 1899) herein after called the Principal Act, in its application to Nagaland in the Manner herein after appearing. It is hereby enacted in the Fortieth year of the Republic of India as follows: 1. Shorttitle, extent and commencement. 1. This Act may be called the Indian Stamp (Nagaland Amend-ment) Act, 1989. 2. It shall extend to the whole StateorNagaland. 3. It shall come into force on such date as the State Government may, by notification in the official Gazette, appoint. 2. Amendment of Schedule I of Act, I1 of 1899. In Schedule I to the Principal Act, the following shall be substituted. namely:-