https://www.taxtmi.com/circulars?id=4935 Finance Act, 1988 prescribes income tax rates for assessment year 1988-89 and introduces a uniform surcharge on income tax, TDS and TCS for taxpayers above a threshold, standardises withholding rates (including on lottery winnings), creates a presumptive taxation and tax collection at source regime for traders in specified goods, omits Interest on Securities as a separate head, and enacts multiple compliance, anti avoidance and incentive amendments including a tax holiday for approved hundred percent export oriented units and revised audit and provisional attachment procedures. en-us Fri, 16 Dec 1988 00:00:00 +0530 Mon, 04 Aug 2008 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4935 Finance Act, 1988 prescribes income tax rates for assessment year 1988-89 and introduces a uniform surcharge on income tax, TDS and TCS for taxpayers above a threshold, standardises withholding rates (including on lottery winnings), creates a presumptive taxation and tax collection at source regime for traders in specified goods, omits Interest on Securities as a separate head, and enacts multiple compliance, anti avoidance and incentive amendments including a tax holiday for approved hundred percent export oriented units and revised audit and provisional attachment procedures. Circulars Income Tax Fri, 16 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4935