https://www.taxtmi.com/news?id=4911 The Finance Bill, 2013 amends direct tax law to set income-tax rates, surcharges and cesses for 2013-14; introduces a Commodities Transaction Tax on sale of commodity derivatives; increases taxation on certain non-resident royalty and FTS receipts; creates targeted incentives (including an investment-linked deduction for new plant and machinery and a housing interest deduction for first-home borrowers); widens the tax base through 1% TDS on specified property transfers and measures to tax undervalued property transfers and buy-backs of unlisted shares; and defers and refines GAAR implementation to assessment year 2016-17 with accompanying procedural and compliance amendments. en-us Thu, 28 Feb 2013 19:45:47 +0530 Thu, 28 Feb 2013 19:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4911 The Finance Bill, 2013 amends direct tax law to set income-tax rates, surcharges and cesses for 2013-14; introduces a Commodities Transaction Tax on sale of commodity derivatives; increases taxation on certain non-resident royalty and FTS receipts; creates targeted incentives (including an investment-linked deduction for new plant and machinery and a housing interest deduction for first-home borrowers); widens the tax base through 1% TDS on specified property transfers and measures to tax undervalued property transfers and buy-backs of unlisted shares; and defers and refines GAAR implementation to assessment year 2016-17 with accompanying procedural and compliance amendments. News - Thu, 28 Feb 2013 19:45:47 +0530 https://www.taxtmi.com/news?id=4911