https://www.taxtmi.com/notifications?id=22344 The Act revises income-tax and allied laws by fixing new rates and surcharges, updating withholding and collection-at-source rules (including mandatory collection by sellers of specified goods and certificate-based credit), and adding substantive provisions such as a five-year exemption window for newly established hundred per cent. export-oriented undertakings. It empowers Settlement Commissions to order provisional attachments to protect revenue, prescribes penal consequences for failure to remit collected tax, and inserts deeming and costing rules for amalgamation, trading profits and computation of net agricultural income, alongside administrative reassignments of tax authorities. en-us Fri, 13 May 1988 00:00:00 +0530 Wed, 25 Nov 2009 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22344 The Act revises income-tax and allied laws by fixing new rates and surcharges, updating withholding and collection-at-source rules (including mandatory collection by sellers of specified goods and certificate-based credit), and adding substantive provisions such as a five-year exemption window for newly established hundred per cent. export-oriented undertakings. It empowers Settlement Commissions to order provisional attachments to protect revenue, prescribes penal consequences for failure to remit collected tax, and inserts deeming and costing rules for amalgamation, trading profits and computation of net agricultural income, alongside administrative reassignments of tax authorities. Notifications Income Tax Fri, 13 May 1988 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22344