https://www.taxtmi.com/article/detailed?id=2066 The budget increases the corporate surcharge for high income companies and raises surcharge on dividend distribution tax, tightening tax incidence on large corporates and influencing dividend timing. It modifies donation deductibility by disallowing cash contributions while enabling approved electoral trusts to receive deductible non cash donations. Sectoral fiscal measures include a one year extension of the power generation tax holiday and restoration of generation based incentives for wind energy, changes to customs and excise duties affecting power, automobile and gem sectors, introduction of a commodities transaction tax, higher tax on fees for technical services, and targeted housing, textile and banking allocations that impact investment and compliance burdens. en-us Wed, 06 Mar 2013 08:00:18 +0530 Wed, 06 Mar 2013 08:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2066 The budget increases the corporate surcharge for high income companies and raises surcharge on dividend distribution tax, tightening tax incidence on large corporates and influencing dividend timing. It modifies donation deductibility by disallowing cash contributions while enabling approved electoral trusts to receive deductible non cash donations. Sectoral fiscal measures include a one year extension of the power generation tax holiday and restoration of generation based incentives for wind energy, changes to customs and excise duties affecting power, automobile and gem sectors, introduction of a commodities transaction tax, higher tax on fees for technical services, and targeted housing, textile and banking allocations that impact investment and compliance burdens. Articles Service Tax Wed, 06 Mar 2013 08:00:18 +0530 https://www.taxtmi.com/article/detailed?id=2066