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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act 1992 Overhauls Tax Laws: Revised Rates, New Deductions, Capital Gains Changes, and More Incentives for Savings.</h1> The Finance Act, 1992, introduced several amendments to direct tax laws in India, including changes to the Income-tax Act, Wealth-tax Act, Interest-tax Act, and Expenditure-tax Act. Key amendments include revised tax rates for various income categories, modifications to deductions and exemptions, and the introduction of new sections for specific tax treatments. The Act aimed to widen the tax base, simplify tax procedures, and provide incentives for savings and investments. Notable changes include the restructuring of capital gains taxation, adjustments in the treatment of partnership firms, and modifications to wealth and interest tax provisions. Additionally, the Act sought to enhance tax relief for specific groups, such as senior citizens and handicapped dependents, and streamline tax compliance for small businesses.
TaxTMI 
TaxTMI 
