https://www.taxtmi.com/news?id=1237 The Direct Taxes Code bill consolidates personal tax exemptions, restores HRA treatment, revises employer retirement contributions and NPS treatment, removes taxation of notional annual value for self occupied house property while permitting actual rent and specified interest deductions, treats remission of liabilities and carbon credit receipts as business income, increases weighted deduction for in house R&D, adjusts capital gains rules for equity holdings including short term scaling and retention of long term exemption, raises tax audit thresholds, revises MAT and DDT rates, and increases the wealth tax threshold with a set rate on excess. en-us Tue, 31 Aug 2010 10:00:47 +0530 Tue, 31 Aug 2010 10:00:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1237 The Direct Taxes Code bill consolidates personal tax exemptions, restores HRA treatment, revises employer retirement contributions and NPS treatment, removes taxation of notional annual value for self occupied house property while permitting actual rent and specified interest deductions, treats remission of liabilities and carbon credit receipts as business income, increases weighted deduction for in house R&D, adjusts capital gains rules for equity holdings including short term scaling and retention of long term exemption, raises tax audit thresholds, revises MAT and DDT rates, and increases the wealth tax threshold with a set rate on excess. News - Tue, 31 Aug 2010 10:00:47 +0530 https://www.taxtmi.com/news?id=1237