TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2010: Tax Reliefs, LLP Conversions, R&D Incentives, and Simplified Compliance for Small Businesses</h1> The Finance Bill, 2010 introduces several amendments to the Income-tax Act aimed at reducing tax burdens and promoting economic growth. Key changes include widening tax slabs for individuals, facilitating the conversion of small companies to LLPs without capital gains tax, and easing compliance for small businesses by raising audit turnover limits. The Bill also incentivizes R&D investment and infrastructure savings, and simplifies TDS rules. Tax rates for 2010-11 remain largely unchanged, with adjustments in surcharges and cess. Amendments address charitable purpose definitions, non-resident income taxability, and SEZ profit exemptions. Additional measures include promoting infrastructure bonds, enhancing deductions for scientific research, and revising TDS thresholds.
TaxTMI 
TaxTMI 
