https://www.taxtmi.com/news?id=2931 The Budget advances compliance and investment incentives by raising the compulsory tax audit turnover threshold, reducing securities transaction tax, proposing extension of Alternate Minimum Tax and enhancing investment-linked deductions; it proposes reduced withholding on external borrowings, removal of venture capital sector restrictions, introduction of Advance Pricing Agreements, and reliefs for individual and senior taxpayers. Concurrently, anti-evasion measures include Tax Collection at Source on high-value cash bullion and specified mineral trades, taxation of unexplained money at a higher rate, a GAAR panel to counter aggressive avoidance, and publication of a white paper on black money. en-us Fri, 16 Mar 2012 18:30:08 +0530 Fri, 16 Mar 2012 18:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2931 The Budget advances compliance and investment incentives by raising the compulsory tax audit turnover threshold, reducing securities transaction tax, proposing extension of Alternate Minimum Tax and enhancing investment-linked deductions; it proposes reduced withholding on external borrowings, removal of venture capital sector restrictions, introduction of Advance Pricing Agreements, and reliefs for individual and senior taxpayers. Concurrently, anti-evasion measures include Tax Collection at Source on high-value cash bullion and specified mineral trades, taxation of unexplained money at a higher rate, a GAAR panel to counter aggressive avoidance, and publication of a white paper on black money. News - Fri, 16 Mar 2012 18:30:08 +0530 https://www.taxtmi.com/news?id=2931