https://www.taxtmi.com/circulars?id=4660 The Finance Act, 1979 revises income tax and withholding structures by prescribing rates, increasing surcharge levels, modifying marginal relief (including where agricultural income applies), and specifying deduction at source rates for diverse income categories. It amends substantive income tax provisions to expand and limit exemptions and deductions (including export allowance, capital gains reinvestment conditions, donations to approved rural development and research institutions, and sectoral deductions), strengthens intra family clubbing rules, and reforms advance tax timing, settlement commission review powers and appellate jurisdiction, while adjusting wealth tax rates and extending certain institutional tax exemptions. en-us Thu, 14 Jun 1979 00:00:00 +0530 Fri, 01 Aug 2008 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4660 The Finance Act, 1979 revises income tax and withholding structures by prescribing rates, increasing surcharge levels, modifying marginal relief (including where agricultural income applies), and specifying deduction at source rates for diverse income categories. It amends substantive income tax provisions to expand and limit exemptions and deductions (including export allowance, capital gains reinvestment conditions, donations to approved rural development and research institutions, and sectoral deductions), strengthens intra family clubbing rules, and reforms advance tax timing, settlement commission review powers and appellate jurisdiction, while adjusting wealth tax rates and extending certain institutional tax exemptions. Circulars Income Tax Thu, 14 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4660