https://www.taxtmi.com/news?id=16198 Amendments effected by the Finance Act, 2016 revise multiple taxation statutes and associated rules, introducing new levies and procedural frameworks across direct and indirect tax regimes. The Act amends Income Tax, Service Tax, Customs and Central Excise law and updates subordinate rules and notifications. It establishes the Krishi Kalyan Cess, Infrastructure Cess and an Equalisation Levy, and institutes an Income Declaration Scheme together with Direct and Indirect Tax Dispute Resolution Schemes, requiring adjustments to tariffs, notifications and compliance procedures to implement collection and assessment changes. en-us Thu, 19 May 2016 15:24:36 +0530 Thu, 19 May 2016 15:24:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16198 Amendments effected by the Finance Act, 2016 revise multiple taxation statutes and associated rules, introducing new levies and procedural frameworks across direct and indirect tax regimes. The Act amends Income Tax, Service Tax, Customs and Central Excise law and updates subordinate rules and notifications. It establishes the Krishi Kalyan Cess, Infrastructure Cess and an Equalisation Levy, and institutes an Income Declaration Scheme together with Direct and Indirect Tax Dispute Resolution Schemes, requiring adjustments to tariffs, notifications and compliance procedures to implement collection and assessment changes. News - Thu, 19 May 2016 15:24:36 +0530 https://www.taxtmi.com/news?id=16198