https://www.taxtmi.com/news?id=19524 The Finance Bill, 2018 amends the Income tax Act to broaden the tax base and adjust rates and surcharges, replace prior education cesses with a Health and Education Cess, expand PAN and reporting obligations for non individual entities and key persons, and introduce administrative measures including a new scrutiny assessment scheme. Key substantive changes include taxing long term capital gains on listed equity and certain fund units under a new provision, applying dividend distribution tax to deemed dividends, widening the definition of accumulated profits for amalgamations, and recognising a significant economic presence nexus for taxation of income attributable to digital or remote activities in India. en-us Thu, 01 Feb 2018 17:19:20 +0530 Thu, 01 Feb 2018 17:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19524 The Finance Bill, 2018 amends the Income tax Act to broaden the tax base and adjust rates and surcharges, replace prior education cesses with a Health and Education Cess, expand PAN and reporting obligations for non individual entities and key persons, and introduce administrative measures including a new scrutiny assessment scheme. Key substantive changes include taxing long term capital gains on listed equity and certain fund units under a new provision, applying dividend distribution tax to deemed dividends, widening the definition of accumulated profits for amalgamations, and recognising a significant economic presence nexus for taxation of income attributable to digital or remote activities in India. News - Thu, 01 Feb 2018 17:19:20 +0530 https://www.taxtmi.com/news?id=19524