https://www.taxtmi.com/news?id=15817 Budget amendments adjust corporate tax rates and introduce a concessional rate for new domestic manufacturers subject to incentive exclusion; impose dividend taxation in the hands of resident recipients above a threshold; introduce an equalization levy on specified digital service consideration payable to non residents; clarify MAT non applicability for foreign companies without a PE; expand withholding and reporting adjustments; and overhaul compliance by shortening assessment timelines, introducing a dispute resolution scheme, and replacing concealment penalty law with Section 270A providing graded penalties and limited immunity. en-us Mon, 29 Feb 2016 23:29:07 +0530 Mon, 29 Feb 2016 23:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15817 Budget amendments adjust corporate tax rates and introduce a concessional rate for new domestic manufacturers subject to incentive exclusion; impose dividend taxation in the hands of resident recipients above a threshold; introduce an equalization levy on specified digital service consideration payable to non residents; clarify MAT non applicability for foreign companies without a PE; expand withholding and reporting adjustments; and overhaul compliance by shortening assessment timelines, introducing a dispute resolution scheme, and replacing concealment penalty law with Section 270A providing graded penalties and limited immunity. News - Mon, 29 Feb 2016 23:29:07 +0530 https://www.taxtmi.com/news?id=15817