https://www.taxtmi.com/circulars?id=4989 The Finance Act, 1990 restructures income tax and TDS rates, recalibrates surcharge applicability, curtails or phases out selected investment incentives and development allowances, and substitutes deduction based savings reliefs with tax rebate mechanisms. It introduces new measures including Equity Linked Savings and Tea Development Accounts with audit and withdrawal conditions, a deduction for expenditure on handicapped dependants, tighter rules for export incentives and foreign exchange realisation, and procedural changes enhancing assessment, return filing, reopening and penalty administration. en-us Fri, 03 Aug 1990 00:00:00 +0530 Fri, 08 Aug 2008 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4989 The Finance Act, 1990 restructures income tax and TDS rates, recalibrates surcharge applicability, curtails or phases out selected investment incentives and development allowances, and substitutes deduction based savings reliefs with tax rebate mechanisms. It introduces new measures including Equity Linked Savings and Tea Development Accounts with audit and withdrawal conditions, a deduction for expenditure on handicapped dependants, tighter rules for export incentives and foreign exchange realisation, and procedural changes enhancing assessment, return filing, reopening and penalty administration. Circulars Income Tax Fri, 03 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4989