https://www.taxtmi.com/news?id=2885 Proposals include a capital gains tax exemption for reinvestment of residential property sale proceeds into equity of a manufacturing SME for new plant and machinery; a weighted deduction of 150 per cent for qualifying manufacturing sector skill development expenditure under specified guidelines; and an increase in the turnover threshold for compulsory tax audit and presumptive taxation to widen eligibility for simplified compliance. en-us Fri, 16 Mar 2012 13:26:17 +0530 Fri, 16 Mar 2012 13:26:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2885 Proposals include a capital gains tax exemption for reinvestment of residential property sale proceeds into equity of a manufacturing SME for new plant and machinery; a weighted deduction of 150 per cent for qualifying manufacturing sector skill development expenditure under specified guidelines; and an increase in the turnover threshold for compulsory tax audit and presumptive taxation to widen eligibility for simplified compliance. News - Fri, 16 Mar 2012 13:26:17 +0530 https://www.taxtmi.com/news?id=2885