https://www.taxtmi.com/news?id=926 The Finance Act 2009 proposals revise personal and corporate tax rates and surcharge treatment, double the wealth tax exemption, abolish fringe benefit and commodity transaction taxes, expand definitions (charitable purpose, firm, manufacture), introduce a 100% investment linked deduction for cold chain/warehousing/pipelines under section 35AD, extend NPS trust tax privileges and section 80CCD benefits, broaden presumptive taxation and amend TDS and PAN withholding rules, and enact procedural reforms including service by electronic means, mandatory document ID numbers, and expanded reassessment powers under section 147. en-us Tue, 07 Jul 2009 12:05:59 +0530 Wed, 11 Feb 2026 15:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=926 The Finance Act 2009 proposals revise personal and corporate tax rates and surcharge treatment, double the wealth tax exemption, abolish fringe benefit and commodity transaction taxes, expand definitions (charitable purpose, firm, manufacture), introduce a 100% investment linked deduction for cold chain/warehousing/pipelines under section 35AD, extend NPS trust tax privileges and section 80CCD benefits, broaden presumptive taxation and amend TDS and PAN withholding rules, and enact procedural reforms including service by electronic means, mandatory document ID numbers, and expanded reassessment powers under section 147. News - Tue, 07 Jul 2009 12:05:59 +0530 https://www.taxtmi.com/news?id=926