https://www.taxtmi.com/news?id=4910 Finance Bill, 2013 revises income tax rates and adds graduated surcharges and education cesses; defines treatment of net agricultural income; introduces GAAR (Chapter X A) with rules to recharacterise or disregard arrangements and an Approving Panel to authorise GAAR invocation; levies tax on buy back of unlisted shares at 20% and on securitisation trust distributed income at specified rates with withholding and reporting obligations; creates a 15% investment allowance under section 32AC for large new plant and machinery with five year recapture; inserts section 80EE housing loan interest deduction; and enacts a commodities transaction tax (0.01%) plus customs, excise and service tax procedural and penalty amendments. en-us Thu, 28 Feb 2013 16:56:05 +0530 Wed, 11 Feb 2026 15:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4910 Finance Bill, 2013 revises income tax rates and adds graduated surcharges and education cesses; defines treatment of net agricultural income; introduces GAAR (Chapter X A) with rules to recharacterise or disregard arrangements and an Approving Panel to authorise GAAR invocation; levies tax on buy back of unlisted shares at 20% and on securitisation trust distributed income at specified rates with withholding and reporting obligations; creates a 15% investment allowance under section 32AC for large new plant and machinery with five year recapture; inserts section 80EE housing loan interest deduction; and enacts a commodities transaction tax (0.01%) plus customs, excise and service tax procedural and penalty amendments. News - Thu, 28 Feb 2013 16:56:05 +0530 https://www.taxtmi.com/news?id=4910