https://www.taxtmi.com/circulars?id=8589 Finance Act, 2010 enacts comprehensive amendments to direct tax law: it prescribes updated tax and TDS rate schedules, clarifies source rules for non resident income to include certain interest, royalty and fees irrespective of where services are rendered, modifies the definition of charitable purpose to allow limited commercial receipts, expands and increases weighted deductions for scientific research and in house R&D, extends investment linked deductions to specified hotels, hospitals and housing projects, raises TDS and audit thresholds, adjusts MAT and insurance income computation, and establishes conditions for tax neutral conversion of companies into LLPs; applicability dates and retrospective provisions are specified for each change. en-us Wed, 06 Apr 2011 00:00:00 +0530 Mon, 27 Jun 2011 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8589 Finance Act, 2010 enacts comprehensive amendments to direct tax law: it prescribes updated tax and TDS rate schedules, clarifies source rules for non resident income to include certain interest, royalty and fees irrespective of where services are rendered, modifies the definition of charitable purpose to allow limited commercial receipts, expands and increases weighted deductions for scientific research and in house R&D, extends investment linked deductions to specified hotels, hospitals and housing projects, raises TDS and audit thresholds, adjusts MAT and insurance income computation, and establishes conditions for tax neutral conversion of companies into LLPs; applicability dates and retrospective provisions are specified for each change. Circulars Income Tax Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8589