https://www.taxtmi.com/acts?id=17146 The Bill revises income-tax levy and TDS rates for 2013-14, amends definitions of agricultural income and capital asset by prescribing aerial distance thresholds from municipalities, expands targeted exemptions and deductions (insurance, securitisation trusts, buy-back income, housing loan interest and equity savings), introduces section 32AC for investment-linked deductions with recapture rules, and enacts a comprehensive General Anti-Avoidance Rule (Chapter X-A) with procedural mechanisms including Commissioner referrals and an Approving Panel to declare impermissible avoidance arrangements and determine tax consequences. en-us Fri, 01 Mar 2013 16:27:15 +0530 Tue, 03 Mar 2015 12:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17146 The Bill revises income-tax levy and TDS rates for 2013-14, amends definitions of agricultural income and capital asset by prescribing aerial distance thresholds from municipalities, expands targeted exemptions and deductions (insurance, securitisation trusts, buy-back income, housing loan interest and equity savings), introduces section 32AC for investment-linked deductions with recapture rules, and enacts a comprehensive General Anti-Avoidance Rule (Chapter X-A) with procedural mechanisms including Commissioner referrals and an Approving Panel to declare impermissible avoidance arrangements and determine tax consequences. Act-Rules Bills Fri, 01 Mar 2013 16:27:15 +0530 https://www.taxtmi.com/acts?id=17146