https://www.taxtmi.com/acts?id=11525 The Bill revises income tax rates and TDS/advance tax mechanics for 2010 2011, adjusts individual slabs and corporate surcharge and preserves education cesses with specified exceptions. It amends definitions and substantive provisions on deemed income in India, property receipts, and valuation; enhances weighted deductions for scientific and social science research; extends specified business deductions (including new hotel category) and inserts a new long term infrastructure bond deduction. Significant rules govern conversion of private/unlisted companies into limited liability partnerships, prescribing non transfer treatment on strict continuity and anti abuse conditions and consequential tax and carry forward adjustments. en-us Tue, 11 May 2010 14:49:55 +0530 Tue, 11 May 2010 15:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11525 The Bill revises income tax rates and TDS/advance tax mechanics for 2010 2011, adjusts individual slabs and corporate surcharge and preserves education cesses with specified exceptions. It amends definitions and substantive provisions on deemed income in India, property receipts, and valuation; enhances weighted deductions for scientific and social science research; extends specified business deductions (including new hotel category) and inserts a new long term infrastructure bond deduction. Significant rules govern conversion of private/unlisted companies into limited liability partnerships, prescribing non transfer treatment on strict continuity and anti abuse conditions and consequential tax and carry forward adjustments. Act-Rules F. Acts / Amendment Acts Tue, 11 May 2010 14:49:55 +0530 https://www.taxtmi.com/acts?id=11525