https://www.taxtmi.com/circulars?id=11651 The Finance Act, 2011 specifies income tax and withholding/advance tax rates for AY 2011 12 and makes comprehensive amendments to the Income tax Act, 1961 and related laws: it narrows the scope of charitable purpose by raising the monetary threshold for commercial like receipts, creates targeted exemptions (e.g., for certain statutory bodies and notified infrastructure debt funds), expands investment linked deductions (including affordable housing and fertilizer), increases weighted research deductions, introduces countermeasures for non cooperative jurisdictions, rationalises transfer pricing and introduces an alternate minimum tax for certain LLPs, while revising procedural, filing and information exchange rules. en-us Tue, 22 May 2012 00:00:00 +0530 Fri, 25 May 2012 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11651 The Finance Act, 2011 specifies income tax and withholding/advance tax rates for AY 2011 12 and makes comprehensive amendments to the Income tax Act, 1961 and related laws: it narrows the scope of charitable purpose by raising the monetary threshold for commercial like receipts, creates targeted exemptions (e.g., for certain statutory bodies and notified infrastructure debt funds), expands investment linked deductions (including affordable housing and fertilizer), increases weighted research deductions, introduces countermeasures for non cooperative jurisdictions, rationalises transfer pricing and introduces an alternate minimum tax for certain LLPs, while revising procedural, filing and information exchange rules. Circulars Income Tax Tue, 22 May 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11651