https://www.taxtmi.com/article/detailed?id=1679 Budget 2012-13 introduces the Rajiv Gandhi Equity Savings Scheme granting a 50% income-tax deduction for qualifying retail equity investments by taxpayers below a specified income ceiling, discontinues the earlier deduction for infrastructure bonds while increasing planned bond issuance, and reduces Securities Transaction Tax for cash delivery trades only. Concurrently, Service Tax on brokerage and market fees is raised with targeted exemptions for intermediary services; IPO processes and distribution are to be simplified via electronic broking; two-way fungibility for Indian Depository Receipts is proposed; and electronic voting is mandated for top listed companies. A retrospective income-tax amendment is flagged as affecting foreign investor sentiment. en-us Tue, 27 Mar 2012 11:53:53 +0530 Tue, 27 Mar 2012 11:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1679 Budget 2012-13 introduces the Rajiv Gandhi Equity Savings Scheme granting a 50% income-tax deduction for qualifying retail equity investments by taxpayers below a specified income ceiling, discontinues the earlier deduction for infrastructure bonds while increasing planned bond issuance, and reduces Securities Transaction Tax for cash delivery trades only. Concurrently, Service Tax on brokerage and market fees is raised with targeted exemptions for intermediary services; IPO processes and distribution are to be simplified via electronic broking; two-way fungibility for Indian Depository Receipts is proposed; and electronic voting is mandated for top listed companies. A retrospective income-tax amendment is flagged as affecting foreign investor sentiment. Articles Income Tax Tue, 27 Mar 2012 11:53:53 +0530 https://www.taxtmi.com/article/detailed?id=1679