https://www.taxtmi.com/news?id=37 Amendments expand the positive business list to include development, operation and maintenance of infrastructure, granting venture capital funds investing in such infrastructure pass-through treatment; reduce valuation rates for employer-provided rent with a revised city-tiered scale and allow deduction of amounts recovered from employees; require ESOP fringe benefits to be valued at fair market value on vesting less employee consideration while capital gains holding is measured from allotment or transfer; permit tax-neutral amalgamation/demerger treatment for cooperative banks enabling set-off and carry forward of unabsorbed losses and depreciation; introduce a ten-year full profit deduction for qualifying undertakings in the North-Eastern region and Sikkim undertaking specified manufacturing or eligible businesses within a defined window. en-us Fri, 04 May 2007 00:28:00 +0530 Sat, 23 Oct 2010 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37 Amendments expand the positive business list to include development, operation and maintenance of infrastructure, granting venture capital funds investing in such infrastructure pass-through treatment; reduce valuation rates for employer-provided rent with a revised city-tiered scale and allow deduction of amounts recovered from employees; require ESOP fringe benefits to be valued at fair market value on vesting less employee consideration while capital gains holding is measured from allotment or transfer; permit tax-neutral amalgamation/demerger treatment for cooperative banks enabling set-off and carry forward of unabsorbed losses and depreciation; introduce a ten-year full profit deduction for qualifying undertakings in the North-Eastern region and Sikkim undertaking specified manufacturing or eligible businesses within a defined window. News - Fri, 04 May 2007 00:28:00 +0530 https://www.taxtmi.com/news?id=37