https://www.taxtmi.com/article/detailed?id=1721 Concessional capital gains treatment is extended to all nonresidents for long term gains on unlisted securities with indexation and foreign currency adjustments disallowed; STT applied to offers for sale in IPOs makes qualifying long term gains exempt and short term gains subject to a concessional rate. Enabling provisions permit tax neutral conversion of foreign bank branches into Indian subsidiaries under an RBI scheme. Filing obligations for foreign assets are confined to residents who are ordinarily resident. MAT exclusions for life insurance and optional P&L preparation for regulated entities are provided. Withholding/TCS rules, TCS thresholds for jewellery and bullion, coordination of interest charges, and a once in a lifetime retail equity investment deduction with lock in and income limits are introduced. en-us Mon, 14 May 2012 10:21:01 +0530 Mon, 14 May 2012 10:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1721 Concessional capital gains treatment is extended to all nonresidents for long term gains on unlisted securities with indexation and foreign currency adjustments disallowed; STT applied to offers for sale in IPOs makes qualifying long term gains exempt and short term gains subject to a concessional rate. Enabling provisions permit tax neutral conversion of foreign bank branches into Indian subsidiaries under an RBI scheme. Filing obligations for foreign assets are confined to residents who are ordinarily resident. MAT exclusions for life insurance and optional P&L preparation for regulated entities are provided. Withholding/TCS rules, TCS thresholds for jewellery and bullion, coordination of interest charges, and a once in a lifetime retail equity investment deduction with lock in and income limits are introduced. Articles Income Tax Mon, 14 May 2012 10:21:01 +0530 https://www.taxtmi.com/article/detailed?id=1721