https://www.taxtmi.com/acts?id=19303 The Bill prescribes income tax and withholding rates and a graduated surcharge regime with marginal relief, tightens cash transaction prohibitions for loans, deposits and specified advances in immovable property with penalties, defers GAAR implementation, establishes a pass through regime for Category I and II AIFs with fund level tax exclusions and mandatory disclosures, clarifies that eligible fund managers in India will not create business connections of offshore funds subject to conditions, provides manufacturing incentives (additional allowance and higher additional depreciation), and abolishes wealth tax in favor of an enhanced surcharge, alongside multiple procedural and dispute resolution amendments. en-us Mon, 02 Mar 2015 11:57:31 +0530 Mon, 02 Mar 2015 11:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19303 The Bill prescribes income tax and withholding rates and a graduated surcharge regime with marginal relief, tightens cash transaction prohibitions for loans, deposits and specified advances in immovable property with penalties, defers GAAR implementation, establishes a pass through regime for Category I and II AIFs with fund level tax exclusions and mandatory disclosures, clarifies that eligible fund managers in India will not create business connections of offshore funds subject to conditions, provides manufacturing incentives (additional allowance and higher additional depreciation), and abolishes wealth tax in favor of an enhanced surcharge, alongside multiple procedural and dispute resolution amendments. Act-Rules Bills Mon, 02 Mar 2015 11:57:31 +0530 https://www.taxtmi.com/acts?id=19303