https://www.taxtmi.com/news?id=15801 The Budget provides full profit deduction in initial years for qualifying startups subject to Minimum Alternate Tax, with certain capital gains exempt if reinvested in notified Funds of Funds or majority held notified startups. It establishes a concessional patent income tax rate for domestically developed patents, shifts tax on securitisation trust income to investors while requiring trusts to deduct tax at source, reduces the long term capital gains holding period for unlisted shares, allows NBFCs a deduction for provisions for bad and doubtful debts, mandates country by country reporting for large groups, and exempts specified services and Braille paper from duties. en-us Mon, 29 Feb 2016 17:11:07 +0530 Mon, 29 Feb 2016 17:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15801 The Budget provides full profit deduction in initial years for qualifying startups subject to Minimum Alternate Tax, with certain capital gains exempt if reinvested in notified Funds of Funds or majority held notified startups. It establishes a concessional patent income tax rate for domestically developed patents, shifts tax on securitisation trust income to investors while requiring trusts to deduct tax at source, reduces the long term capital gains holding period for unlisted shares, allows NBFCs a deduction for provisions for bad and doubtful debts, mandates country by country reporting for large groups, and exempts specified services and Braille paper from duties. News - Mon, 29 Feb 2016 17:11:07 +0530 https://www.taxtmi.com/news?id=15801