https://www.taxtmi.com/article/detailed?id=5724 Budget 2014-2015 revises indirect and direct tax regimes: it expands the scope of service tax while exempting certain tourism, healthcare-waste and micro-insurance services; reforms customs duties and trade facilitation to promote domestic manufacturing and specified sectors; and adjusts excise rates and concessions. Direct-tax measures raise personal exemption and deduction limits, introduce targeted investment incentives, amend transfer pricing and APA provisions, and clarify capital gains treatment for investors. A practitioner response notes that a statutory pre-deposit of 7.5% appears to stay the residual excise demand without a separate stay application. en-us Sat, 12 Jul 2014 06:32:55 +0530 Sat, 12 Jul 2014 06:32:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5724 Budget 2014-2015 revises indirect and direct tax regimes: it expands the scope of service tax while exempting certain tourism, healthcare-waste and micro-insurance services; reforms customs duties and trade facilitation to promote domestic manufacturing and specified sectors; and adjusts excise rates and concessions. Direct-tax measures raise personal exemption and deduction limits, introduce targeted investment incentives, amend transfer pricing and APA provisions, and clarify capital gains treatment for investors. A practitioner response notes that a statutory pre-deposit of 7.5% appears to stay the residual excise demand without a separate stay application. Articles Budget - Tax Proposals Sat, 12 Jul 2014 06:32:55 +0530 https://www.taxtmi.com/article/detailed?id=5724