https://www.taxtmi.com/news?id=2811 The Committee recommends raising the personal income tax exemption and restructuring progressive tax slabs with CPI linkage; substantially increasing the wealth tax threshold and adopting slabbed wealth rates; imposing safeguards on GAAR by placing the onus of proof on the Department and requiring independent review of GAAR orders; restoring a longer NRI non residence stay subject to disclosure and anti fraud conditions; and advancing administrative reforms including assessing officer accountability, optional group tax consolidation, limitation of delegated rule making, and targeted technical amendments on indirect transfers, shipping freight, house property, life insurance treatment, ESOP timing, and enhancement of individual deductions. en-us Sat, 10 Mar 2012 10:39:16 +0530 Wed, 11 Feb 2026 15:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2811 The Committee recommends raising the personal income tax exemption and restructuring progressive tax slabs with CPI linkage; substantially increasing the wealth tax threshold and adopting slabbed wealth rates; imposing safeguards on GAAR by placing the onus of proof on the Department and requiring independent review of GAAR orders; restoring a longer NRI non residence stay subject to disclosure and anti fraud conditions; and advancing administrative reforms including assessing officer accountability, optional group tax consolidation, limitation of delegated rule making, and targeted technical amendments on indirect transfers, shipping freight, house property, life insurance treatment, ESOP timing, and enhancement of individual deductions. News - Sat, 10 Mar 2012 10:39:16 +0530 https://www.taxtmi.com/news?id=2811