https://www.taxtmi.com/news?id=1718 Direct tax proposals reduce the qualifying ownership threshold for a concessional dividend tax rate to allow Indian companies owning a smaller stake in foreign subsidiaries to qualify, amend section 40A(9) so employer contributions to employee pension schemes are not disallowed, and exclude export profit deductions from book profit for Minimum Alternate Tax computation. Indirect tax changes add an anti-circumvention power in the Customs Tariff Act, introduce valuation and procedural reliefs for branded garments to protect small manufacturers, and propose targeted customs and excise measures to promote domestic manufacturing. Point of taxation rules for service tax implementation are delayed for further consultation. en-us Wed, 23 Mar 2011 11:32:49 +0530 Wed, 23 Mar 2011 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1718 Direct tax proposals reduce the qualifying ownership threshold for a concessional dividend tax rate to allow Indian companies owning a smaller stake in foreign subsidiaries to qualify, amend section 40A(9) so employer contributions to employee pension schemes are not disallowed, and exclude export profit deductions from book profit for Minimum Alternate Tax computation. Indirect tax changes add an anti-circumvention power in the Customs Tariff Act, introduce valuation and procedural reliefs for branded garments to protect small manufacturers, and propose targeted customs and excise measures to promote domestic manufacturing. Point of taxation rules for service tax implementation are delayed for further consultation. News - Wed, 23 Mar 2011 11:32:49 +0530 https://www.taxtmi.com/news?id=1718