https://www.taxtmi.com/news?id=4822 The memorandum proposes wide-ranging amendments to strengthen withholding and collection regimes, simplify TDS/TCS compliance, clarify PAN and certificate procedures, and impose procedural timelines and digital safeguards for notices, challans and orders. It recommends litigation reducing measures including advance rulings for residents, clarified reassessment and valuation referral rules, phased GAAR implementation, and dispute resolution improvements. Substantive changes are urged across depreciation, capital gains exemptions, transfer pricing scope and definitions, MAT/AMT credit treatment, ESOP taxation, LLP conversions and incentives for renewable energy and R&D to align tax law with commercial practice and enhance voluntary compliance. en-us Wed, 27 Feb 2013 16:34:20 +0530 Thu, 28 Feb 2013 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4822 The memorandum proposes wide-ranging amendments to strengthen withholding and collection regimes, simplify TDS/TCS compliance, clarify PAN and certificate procedures, and impose procedural timelines and digital safeguards for notices, challans and orders. It recommends litigation reducing measures including advance rulings for residents, clarified reassessment and valuation referral rules, phased GAAR implementation, and dispute resolution improvements. Substantive changes are urged across depreciation, capital gains exemptions, transfer pricing scope and definitions, MAT/AMT credit treatment, ESOP taxation, LLP conversions and incentives for renewable energy and R&D to align tax law with commercial practice and enhance voluntary compliance. News - Wed, 27 Feb 2013 16:34:20 +0530 https://www.taxtmi.com/news?id=4822