https://www.taxtmi.com/circulars?id=4786 The Finance Act, 1984 prescribes income tax and withholding rates for 1984-85 and amends income tax, wealth tax and Unit Trust law to tighten anti avoidance and compliance. It introduces compulsory audits for specified businesses and professions with penalties and appeal rights, bars substantial cash loans or deposits with criminal penalties, restricts or withdraws various expenditure linked deductions and weighted allowances, tightens benami disclosure time limits, broadens wealth tax exemptions for certain assets, and subjects private trusts or charities forfeiting exemption to maximum marginal tax treatment. en-us Fri, 06 Jul 1984 00:00:00 +0530 Mon, 11 Aug 2008 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4786 The Finance Act, 1984 prescribes income tax and withholding rates for 1984-85 and amends income tax, wealth tax and Unit Trust law to tighten anti avoidance and compliance. It introduces compulsory audits for specified businesses and professions with penalties and appeal rights, bars substantial cash loans or deposits with criminal penalties, restricts or withdraws various expenditure linked deductions and weighted allowances, tightens benami disclosure time limits, broadens wealth tax exemptions for certain assets, and subjects private trusts or charities forfeiting exemption to maximum marginal tax treatment. Circulars Income Tax Fri, 06 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4786