https://www.taxtmi.com/article/detailed?id=832 The revised DTC paper proposes computing Minimum Alternate Tax on book profits rather than asset value but omits rules on carry forward and computation mechanics; reintroduces consideration of a security transaction tax; adopts EEE treatment for specified approved retirement savings with grandfathering for pre commencement investments while restricting EEE scope to approved plans; and consolidates employment income to include perquisites and retirement receipts, permitting exemptions only when deposited in a Retirement Benefit Account and taxing withdrawals, with significant administrative and valuation uncertainties left unresolved. en-us Sun, 20 Jun 2010 14:11:47 +0530 Sun, 20 Jun 2010 22:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=832 The revised DTC paper proposes computing Minimum Alternate Tax on book profits rather than asset value but omits rules on carry forward and computation mechanics; reintroduces consideration of a security transaction tax; adopts EEE treatment for specified approved retirement savings with grandfathering for pre commencement investments while restricting EEE scope to approved plans; and consolidates employment income to include perquisites and retirement receipts, permitting exemptions only when deposited in a Retirement Benefit Account and taxing withdrawals, with significant administrative and valuation uncertainties left unresolved. Articles Income Tax Sun, 20 Jun 2010 14:11:47 +0530 https://www.taxtmi.com/article/detailed?id=832