Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act 2012: Tax Exemptions, GAAR Delay, Reduced Withholding Tax, and New Filing Rules for Overseas Assets.</h1> The Finance Act, 2012 introduces several amendments to the Income-tax Act, including tax exemptions and changes in tax rates. Notable amendments include an income tax exemption for Prasar Bharati, the introduction of GAAR with a deferred implementation to 2014-15, and continued tax exemptions for Venture Capital Companies and Funds. The Act reduces withholding tax on external borrowings to 5% and lowers the tax rate on long-term capital gains for non-residents to 10%. It introduces a deduction for investments in listed equities and extends the deadline for provident fund recognition. Additionally, it mandates tax collection on cash sales of bullion and jewelry, and clarifies MAT applicability for specific companies. The Act also includes provisions for compulsory tax return filing for residents with overseas assets and extends STT exemptions for specific transactions.
TaxTMI 
TaxTMI 
