Personal Tax Exemption Limit Raised by 50,000/- ; No Change in the Rate of Surcharge; 15% Investment Allowance to Manufacturing Companies, to Incentivize Small Entrepreneurs and Income from Foreign Portfolio Investors to be Treated as Capital Gains.

Personal Tax Exemption Limit Raised by 50,000/- ; No Change in the Rate of Surcharge; 15% Investment Allowance to Manufacturing Companies, to Incentivize Small Entrepreneurs and Income from Foreign Portfolio Investors to be Treated as Capital Gains. https://www.taxtmi.com/news?id=12983 Basic personal income-tax exemption thresholds and certain deduction limits were raised while surcharge rates remained unchanged; education cess continues. A temporary 15 percent investment allowance was introduced for manufacturing companies investing in new plant and machinery alongside an existing higher-threshold allowance. Income of foreign portfolio investors from securities will be treated as capital gains and a concessional dividend tax rate for foreign investors retained. The concessional tax regime for foreign borrowings was extended and broadened to all bond types, and an APA roll back provision was proposed to apply APAs to certain prior-year transactions. en-us Thu, 10 Jul 2014 14:44:34 +0530 Thu, 10 Jul 2014 14:44:34 +0530 TaxTMI RSS Generator Personal Tax Exemption Limit Raised by 50,000/- ; No Change in the Rate of Surcharge; 15% Investment Allowance to Manufacturing Companies, to Incentivize Small Entrepreneurs and Income from Foreign Portfolio Investors to be Treated as Capital Gains. https://www.taxtmi.com/news?id=12983 Basic personal income-tax exemption thresholds and certain deduction limits were raised while surcharge rates remained unchanged; education cess continues. A temporary 15 percent investment allowance was introduced for manufacturing companies investing in new plant and machinery alongside an existing higher-threshold allowance. Income of foreign portfolio investors from securities will be treated as capital gains and a concessional dividend tax rate for foreign investors retained. The concessional tax regime for foreign borrowings was extended and broadened to all bond types, and an APA roll back provision was proposed to apply APAs to certain prior-year transactions. News - Thu, 10 Jul 2014 14:44:34 +0530 https://www.taxtmi.com/news?id=12983