https://www.taxtmi.com/circulars?id=5836 The Finance Act, 2008 amends direct tax law to revise tax and withholding rate structures, narrow and clarify key definitions and exemptions (including agricultural income and charitable purpose), introduce targeted inducements and deductions (research payments, amortization, expanded 80C instruments, parental health insurance), rationalize fringe benefit tax treatment, strengthen TDS/TCS and electronic reporting, enable centralized computerized correction of returns, and refine assessment, reassessment and dispute procedures including reopening, abatement, tribunal stay limits and penalty initiation. en-us Fri, 27 Mar 2009 00:00:00 +0530 Mon, 30 Mar 2009 22:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5836 The Finance Act, 2008 amends direct tax law to revise tax and withholding rate structures, narrow and clarify key definitions and exemptions (including agricultural income and charitable purpose), introduce targeted inducements and deductions (research payments, amortization, expanded 80C instruments, parental health insurance), rationalize fringe benefit tax treatment, strengthen TDS/TCS and electronic reporting, enable centralized computerized correction of returns, and refine assessment, reassessment and dispute procedures including reopening, abatement, tribunal stay limits and penalty initiation. Circulars Income Tax Fri, 27 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5836