https://www.taxtmi.com/article/detailed?id=1164 Direct tax amendments raise individual exemption limits and senior citizen reliefs, extend an investment deduction for long term infrastructure bonds, and exempt certain salaried taxpayers from filing when employers discharge tax. Corporate measures reduce surcharge rates, tax dividends from foreign subsidiaries at a concessional rate, increase the MAT rate and extend MAT to LLPs, and alter weighted deductions for payments to universities and laboratories. Sectoral changes affect power project deductions, SEZ tax benefits and mutual fund distribution taxation, while nonresident measures impose concessional withholding on infrastructure debt interest and introduce mandatory annual information filing for foreign entities and reporting obligations for tax authorities. en-us Tue, 01 Mar 2011 10:18:01 +0530 Tue, 01 Mar 2011 11:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1164 Direct tax amendments raise individual exemption limits and senior citizen reliefs, extend an investment deduction for long term infrastructure bonds, and exempt certain salaried taxpayers from filing when employers discharge tax. Corporate measures reduce surcharge rates, tax dividends from foreign subsidiaries at a concessional rate, increase the MAT rate and extend MAT to LLPs, and alter weighted deductions for payments to universities and laboratories. Sectoral changes affect power project deductions, SEZ tax benefits and mutual fund distribution taxation, while nonresident measures impose concessional withholding on infrastructure debt interest and introduce mandatory annual information filing for foreign entities and reporting obligations for tax authorities. Articles Income Tax Tue, 01 Mar 2011 10:18:01 +0530 https://www.taxtmi.com/article/detailed?id=1164