https://www.taxtmi.com/article/detailed?id=6096 Yoga activities will be treated as charitable activities expanding tax exempt nonprofit scope. Proposals eliminate wealth tax with a compensatory surcharge on high income individuals, phase down corporate tax rates, rationalize exemptions and MAT (including for FIIs), defer GAAR prospectively, and amend PE and foreign asset reporting rules. Indirect tax measures include expanded service tax exemptions, selective withdrawal of exemptions to widen the base, a higher service tax rate, faster online registration, and enhanced interagency data sharing. en-us Sat, 28 Feb 2015 14:13:01 +0530 Mon, 02 Mar 2015 11:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6096 Yoga activities will be treated as charitable activities expanding tax exempt nonprofit scope. Proposals eliminate wealth tax with a compensatory surcharge on high income individuals, phase down corporate tax rates, rationalize exemptions and MAT (including for FIIs), defer GAAR prospectively, and amend PE and foreign asset reporting rules. Indirect tax measures include expanded service tax exemptions, selective withdrawal of exemptions to widen the base, a higher service tax rate, faster online registration, and enhanced interagency data sharing. Articles Budget - Tax Proposals Sat, 28 Feb 2015 14:13:01 +0530 https://www.taxtmi.com/article/detailed?id=6096