https://www.taxtmi.com/article/detailed?id=2050 Budget direct tax changes include a tax credit for lower slab taxpayers, temporary surcharge increases for high incomes and companies, higher withholding on royalties and technical services to non residents, TDS on high value immovable transfers with agricultural exemptions, and higher tax on unlisted company buybacks. Reliefs and incentives expanded include relaxed life insurance eligibility for disabled persons, broadened health scheme deductions under Section 80D, full deduction for donations to a national child fund, a time bound investment allowance for large manufacturing investments, continued concessional tax on dividends from foreign subsidiaries, clarified securitisation trust taxation, a new pass through venture capital category, and a deferred GAAR effective date. en-us Fri, 01 Mar 2013 10:22:49 +0530 Tue, 05 Mar 2013 16:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2050 Budget direct tax changes include a tax credit for lower slab taxpayers, temporary surcharge increases for high incomes and companies, higher withholding on royalties and technical services to non residents, TDS on high value immovable transfers with agricultural exemptions, and higher tax on unlisted company buybacks. Reliefs and incentives expanded include relaxed life insurance eligibility for disabled persons, broadened health scheme deductions under Section 80D, full deduction for donations to a national child fund, a time bound investment allowance for large manufacturing investments, continued concessional tax on dividends from foreign subsidiaries, clarified securitisation trust taxation, a new pass through venture capital category, and a deferred GAAR effective date. Articles Income Tax Fri, 01 Mar 2013 10:22:49 +0530 https://www.taxtmi.com/article/detailed?id=2050