https://www.taxtmi.com/news?id=11110 Clarifies that agricultural land recorded and used as such is excluded from urban land for wealth tax purposes, with a declaratory amendment to dispel uncertainty. Introduces measures to attract foreign investment into rupee denominated long term infrastructure bonds by deeming certain foreign currency flows as borrowings and providing a concessional withholding tax regime for specified foreign investors; carves out PAN withholding exceptions for interest on qualifying bonds; tightens withholding on cash bullion and jewellery sales; retains one percent TDS on immovable property transfers excluding agricultural land; and reclassifies commodity derivatives for speculative treatment under a commodities transaction tax. en-us Tue, 30 Apr 2013 21:29:50 +0530 Tue, 30 Apr 2013 21:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11110 Clarifies that agricultural land recorded and used as such is excluded from urban land for wealth tax purposes, with a declaratory amendment to dispel uncertainty. Introduces measures to attract foreign investment into rupee denominated long term infrastructure bonds by deeming certain foreign currency flows as borrowings and providing a concessional withholding tax regime for specified foreign investors; carves out PAN withholding exceptions for interest on qualifying bonds; tightens withholding on cash bullion and jewellery sales; retains one percent TDS on immovable property transfers excluding agricultural land; and reclassifies commodity derivatives for speculative treatment under a commodities transaction tax. News - Tue, 30 Apr 2013 21:29:50 +0530 https://www.taxtmi.com/news?id=11110