https://www.taxtmi.com/circulars?id=4900 The Finance Act, 1987 enacts wide ranging direct tax amendments: it sets tax and TDS rates, expands the definition of dividend to treat loans/advances to smaller shareholders and to concerns as deemed dividends, broadens the meaning of transfer to capture substantive transfers (including power of attorney and membership rights), reforms capital gains computation and carry forward rules, mandates timely employer crediting of employee fund contributions for deduction, introduces a minimum tax on company book profits, and strengthens TDS administration through tax deduction account numbers and revised TDS thresholds and timing. en-us Tue, 22 Sep 1987 00:00:00 +0530 Mon, 04 Aug 2008 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4900 The Finance Act, 1987 enacts wide ranging direct tax amendments: it sets tax and TDS rates, expands the definition of dividend to treat loans/advances to smaller shareholders and to concerns as deemed dividends, broadens the meaning of transfer to capture substantive transfers (including power of attorney and membership rights), reforms capital gains computation and carry forward rules, mandates timely employer crediting of employee fund contributions for deduction, introduces a minimum tax on company book profits, and strengthens TDS administration through tax deduction account numbers and revised TDS thresholds and timing. Circulars Income Tax Tue, 22 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4900