https://www.taxtmi.com/acts?id=10119 The Finance Bill, 2007 specifies income tax rates and surcharges for 2007 08, broadens tax bases and clarifies the source rule for non resident income, reforms withholding regimes (TDS/TCS rates and thresholds), adjusts deductions and sectoral incentives (R&D, infrastructure, bonds, MAT), strengthens anti evasion and settlement procedures with timelines and new penalties for undisclosed income on search, and enacts comprehensive customs, excise and service tax changes including a 1% secondary and higher education cess and multiple tariff and exemption revisions. en-us Wed, 22 Oct 2008 16:50:24 +0530 Wed, 22 Oct 2008 16:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10119 The Finance Bill, 2007 specifies income tax rates and surcharges for 2007 08, broadens tax bases and clarifies the source rule for non resident income, reforms withholding regimes (TDS/TCS rates and thresholds), adjusts deductions and sectoral incentives (R&D, infrastructure, bonds, MAT), strengthens anti evasion and settlement procedures with timelines and new penalties for undisclosed income on search, and enacts comprehensive customs, excise and service tax changes including a 1% secondary and higher education cess and multiple tariff and exemption revisions. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 16:50:24 +0530 https://www.taxtmi.com/acts?id=10119