https://www.taxtmi.com/article/detailed?id=7255 New rules impose deemed fair value taxation on transfers of unquoted shares under Section 50CA, raise TCS where PAN is absent under Section 206CC, and introduce a statutory restriction on large cash receipts with compliance and penalty consequences. A mandatory late filing fee under Section 234F must be paid before filing. Amendments also revise withholding rates and thresholds, extend rent TDS obligations to individuals and HUFs above a threshold, expand taxable gift rules, condition capital gain exemption on STT payment, limit house property loss set off with carry forward, amend MAT book profit computation, and disallow expenses where TDS is not deducted. en-us Thu, 02 Feb 2017 10:19:22 +0530 Thu, 02 Feb 2017 10:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7255 New rules impose deemed fair value taxation on transfers of unquoted shares under Section 50CA, raise TCS where PAN is absent under Section 206CC, and introduce a statutory restriction on large cash receipts with compliance and penalty consequences. A mandatory late filing fee under Section 234F must be paid before filing. Amendments also revise withholding rates and thresholds, extend rent TDS obligations to individuals and HUFs above a threshold, expand taxable gift rules, condition capital gain exemption on STT payment, limit house property loss set off with carry forward, amend MAT book profit computation, and disallow expenses where TDS is not deducted. Articles Budget - Tax Proposals Thu, 02 Feb 2017 10:19:22 +0530 https://www.taxtmi.com/article/detailed?id=7255