https://www.taxtmi.com/news?id=1035 The Government will comprehensively review and modify the draft Direct Tax Code after stakeholder consultations, focusing detailed examination on nine critical areas including Minimum Alternative Tax based on gross assets, Capital Gains Taxation for non-residents, Income Tax interaction with Double Taxation Avoidance Agreements, the proposed General Anti-Avoidance Rule, taxation of foreign companies via effective management control, taxation of charitable organisations, shift from EEE to EET, treatment of self-occupied property, and taxation of salaried employees; proposed reforms include tiered personal tax slabs, a 25% corporate rate, Advance Pricing Agreements, and rationalisation of deductions and exemptions. en-us Thu, 05 Nov 2009 14:45:50 +0530 Thu, 05 Nov 2009 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1035 The Government will comprehensively review and modify the draft Direct Tax Code after stakeholder consultations, focusing detailed examination on nine critical areas including Minimum Alternative Tax based on gross assets, Capital Gains Taxation for non-residents, Income Tax interaction with Double Taxation Avoidance Agreements, the proposed General Anti-Avoidance Rule, taxation of foreign companies via effective management control, taxation of charitable organisations, shift from EEE to EET, treatment of self-occupied property, and taxation of salaried employees; proposed reforms include tiered personal tax slabs, a 25% corporate rate, Advance Pricing Agreements, and rationalisation of deductions and exemptions. News - Thu, 05 Nov 2009 14:45:50 +0530 https://www.taxtmi.com/news?id=1035