https://www.taxtmi.com/news?id=17372 Measures raise the presumptive taxation audit threshold and increase turnover/income limits for maintenance of books for individuals and HUFs, reduce advance tax instalments for eligible professionals, and exempt individual insurance agents from TDS on commission upon self declaration of income below taxable limits. The indirect transfer rule is narrowed to exempt certain FPI categories and specified redemptions outside India chargeable in India. Procedural reforms shorten return revision and scrutiny assessment timeframes, and domestic transfer pricing will be restricted where a related party claims specified profit linked deductions. en-us Wed, 01 Feb 2017 13:59:47 +0530 Wed, 01 Feb 2017 13:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17372 Measures raise the presumptive taxation audit threshold and increase turnover/income limits for maintenance of books for individuals and HUFs, reduce advance tax instalments for eligible professionals, and exempt individual insurance agents from TDS on commission upon self declaration of income below taxable limits. The indirect transfer rule is narrowed to exempt certain FPI categories and specified redemptions outside India chargeable in India. Procedural reforms shorten return revision and scrutiny assessment timeframes, and domestic transfer pricing will be restricted where a related party claims specified profit linked deductions. News - Wed, 01 Feb 2017 13:59:47 +0530 https://www.taxtmi.com/news?id=17372