https://www.taxtmi.com/article/detailed?id=927 The Direct Tax Code proposes replacing the existing Income Tax law with a simplified regime limiting exemptions, setting new personal tax thresholds with higher limits for women and senior citizens, preserving housing loan incentives, and maintaining EEE status for specified provident and pension funds with grandfathering. Corporate tax retains a stated headline rate while exemptions and depreciation will be recalibrated; SEZ incentives are grandfathered and MAT will continue to be levied on book profits at the proposed percentage rather than on gross assets. en-us Sat, 28 Aug 2010 16:48:02 +0530 Mon, 30 Aug 2010 14:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=927 The Direct Tax Code proposes replacing the existing Income Tax law with a simplified regime limiting exemptions, setting new personal tax thresholds with higher limits for women and senior citizens, preserving housing loan incentives, and maintaining EEE status for specified provident and pension funds with grandfathering. Corporate tax retains a stated headline rate while exemptions and depreciation will be recalibrated; SEZ incentives are grandfathered and MAT will continue to be levied on book profits at the proposed percentage rather than on gross assets. Articles Service Tax Sat, 28 Aug 2010 16:48:02 +0530 https://www.taxtmi.com/article/detailed?id=927