https://www.taxtmi.com/news?id=36 The Finance Bill 2007 amends direct and indirect tax provisions: it raises individual tax thresholds and allowances, revises valuation rules for concessional accommodation under Section 17 with retrospective relief, confirms ESOP taxation assessed at vesting, extends venture capital pass-through to infrastructure, and proposes administrative and exemption reviews. Indirect tax changes include increased service tax threshold, selective reductions and exemptions in customs and excise duties, mandatory e-payment of excise, and targeted sectoral duty adjustments. Procedural measures withdraw condonation for delayed Section 12A filings while permitting later applications effective from filing date. en-us Fri, 04 May 2007 00:24:00 +0530 Thu, 26 Jun 2008 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36 The Finance Bill 2007 amends direct and indirect tax provisions: it raises individual tax thresholds and allowances, revises valuation rules for concessional accommodation under Section 17 with retrospective relief, confirms ESOP taxation assessed at vesting, extends venture capital pass-through to infrastructure, and proposes administrative and exemption reviews. Indirect tax changes include increased service tax threshold, selective reductions and exemptions in customs and excise duties, mandatory e-payment of excise, and targeted sectoral duty adjustments. Procedural measures withdraw condonation for delayed Section 12A filings while permitting later applications effective from filing date. News - Fri, 04 May 2007 00:24:00 +0530 https://www.taxtmi.com/news?id=36