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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Bill 2017: Section 115JB Adjustments, Long-Term Capital Gains Tax, SEZ Deductions, Mutual Fund Taxation Changes</h1> The Finance Bill, 2017 introduces several rationalization measures in direct taxes, including adjustments to section 115JB for Ind AS compliant companies to align with IFRS. It clarifies MAT computation and tax treatment of comprehensive income items. Amendments to section 112 provide a 10% tax rate for long-term capital gains on unlisted securities from April 2013. Section 87A's rebate is reduced to 2,500 for incomes up to 3,50,000. Section 10AA clarifies deductions for SEZ units. Changes to mutual fund taxation and PAN requirements are introduced. Provisions for search and seizure, information requests, and relief fund exemptions are also revised.
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