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 2012 amends Income-tax Act: new rates, deductions, anti-avoidance rules, compliance requirements, and penalties.</h1> The Finance Bill, 2012 outlines various amendments to the Income-tax Act, focusing on tax rates, deductions, and compliance requirements for the assessment year 2012-2013 and beyond. It specifies income-tax rates for different income brackets and introduces new provisions for tax deductions, including those on insurance policies and health expenditures. The Bill proposes amendments to sections related to tax on foreign income, venture capital funds, and depreciation. It also introduces new sections on advance pricing agreements and anti-avoidance rules, aiming to improve tax compliance and address tax evasion. Additionally, it revises penalties for non-compliance and failure to furnish information, while establishing special courts for tax-related offenses.
TaxTMI 
TaxTMI 
