https://www.taxtmi.com/article/detailed?id=696 The Finance Bill 2010 restructures individual income tax slabs, introduces a one year additional deduction under Section 80CCF for notified infrastructure bonds, and adds CGHS contributions to Section 80D deductions. Corporate measures include a reduced surcharge, expanded weighted research deductions under Section 35 and related exemptions and deductions, extension of investment linked and housing project reliefs (Sections 80IB, 80ID), raised tax audit and presumptive taxation thresholds (Sections 44AB, 44AD), stricter TDS timing and higher interest on delayed TDS, MAT rate increase, and widened deemed income rules under Section 56 including provisions targeting closely held companies receiving shares. en-us Fri, 26 Feb 2010 18:57:33 +0530 Fri, 26 Feb 2010 23:07:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=696 The Finance Bill 2010 restructures individual income tax slabs, introduces a one year additional deduction under Section 80CCF for notified infrastructure bonds, and adds CGHS contributions to Section 80D deductions. Corporate measures include a reduced surcharge, expanded weighted research deductions under Section 35 and related exemptions and deductions, extension of investment linked and housing project reliefs (Sections 80IB, 80ID), raised tax audit and presumptive taxation thresholds (Sections 44AB, 44AD), stricter TDS timing and higher interest on delayed TDS, MAT rate increase, and widened deemed income rules under Section 56 including provisions targeting closely held companies receiving shares. Articles Income Tax Fri, 26 Feb 2010 18:57:33 +0530 https://www.taxtmi.com/article/detailed?id=696