https://www.taxtmi.com/circulars?id=4684 The Finance Act revises income tax rate and withholding structures, raises personal exemption thresholds, reduces non corporate surcharge, and modifies advance tax and withholding rates for categories of payees; it also introduces substantive amendments to promote savings, investment and research (including additional depreciation and weighted research deductions), extends targeted deductions and exemptions, tightens trust and HUF anti avoidance rules, and reforms summary assessment and defective return procedures. en-us Mon, 22 Sep 1980 00:00:00 +0530 Sat, 02 Aug 2008 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4684 The Finance Act revises income tax rate and withholding structures, raises personal exemption thresholds, reduces non corporate surcharge, and modifies advance tax and withholding rates for categories of payees; it also introduces substantive amendments to promote savings, investment and research (including additional depreciation and weighted research deductions), extends targeted deductions and exemptions, tightens trust and HUF anti avoidance rules, and reforms summary assessment and defective return procedures. Circulars Income Tax Mon, 22 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4684