https://www.taxtmi.com/acts?id=10120 The Finance Bill, 2008 revises personal income-tax slabs and exemption limits, adjusts TDS/STT and short-term capital gains rates, introduces a Commodities Transaction Tax, and removes TDS on dematerialised listed corporate bonds. It expands deductions (80C, 80D), adds R&D weighted deductions for payments to specified companies, and provides reverse mortgage and related capital gains/income exemptions. Procedural reforms include centralised electronic processing of returns to correct arithmetical errors, e-filing for non-resident remittances, expanded reassessment and special-audit rules, and amendments to CENVAT, customs and service tax rules to implement tariff and compliance changes. en-us Wed, 22 Oct 2008 16:51:01 +0530 Wed, 22 Oct 2008 16:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10120 The Finance Bill, 2008 revises personal income-tax slabs and exemption limits, adjusts TDS/STT and short-term capital gains rates, introduces a Commodities Transaction Tax, and removes TDS on dematerialised listed corporate bonds. It expands deductions (80C, 80D), adds R&D weighted deductions for payments to specified companies, and provides reverse mortgage and related capital gains/income exemptions. Procedural reforms include centralised electronic processing of returns to correct arithmetical errors, e-filing for non-resident remittances, expanded reassessment and special-audit rules, and amendments to CENVAT, customs and service tax rules to implement tariff and compliance changes. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 16:51:01 +0530 https://www.taxtmi.com/acts?id=10120