https://www.taxtmi.com/article/detailed?id=5722 The Budget expands personal tax reliefs and deductions, increases exemption thresholds for seniors, and raises ceilings on select savings and housing interest deductions; it grants manufacturing investment allowances and a tax holiday for qualifying power projects. It treats income of foreign investor funds and portfolio receipts of foreign institutional investors as capital gains while maintaining concessional treatment for foreign dividends. Indirect tax measures adjust customs and excise rates across categories and propose regulatory reforms for financial depositories and KYC. A stakeholder query asks whether a reduced countervailing duty on certain coal imports will continue to be eligible for cenvat credit. en-us Fri, 11 Jul 2014 15:03:06 +0530 Fri, 11 Jul 2014 15:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5722 The Budget expands personal tax reliefs and deductions, increases exemption thresholds for seniors, and raises ceilings on select savings and housing interest deductions; it grants manufacturing investment allowances and a tax holiday for qualifying power projects. It treats income of foreign investor funds and portfolio receipts of foreign institutional investors as capital gains while maintaining concessional treatment for foreign dividends. Indirect tax measures adjust customs and excise rates across categories and propose regulatory reforms for financial depositories and KYC. A stakeholder query asks whether a reduced countervailing duty on certain coal imports will continue to be eligible for cenvat credit. Articles Income Tax Fri, 11 Jul 2014 15:03:06 +0530 https://www.taxtmi.com/article/detailed?id=5722