Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Act 2014: Changes to Income-tax Act 1961 Impacting Tax Rates, Capital Gains, and Trusts.</h1> The Finance (No.2) Act, 2014 introduces various amendments to the Income-tax Act, 1961, affecting individuals, companies, and other entities. Key changes include revised tax rate structures for different entities, modifications to the characterization of income for foreign institutional investors, and adjustments to capital gains taxation. The Act also addresses the tax treatment of charitable trusts, corporate social responsibility expenditures, and investment allowances for manufacturing companies. Additionally, it introduces provisions for Advance Pricing Agreements, Alternate Minimum Tax, and the taxation of Real Estate Investment Trusts and Infrastructure Investment Trusts. These amendments aim to streamline tax compliance and enhance clarity in tax regulations.