https://www.taxtmi.com/acts?id=31867 Finance Bill, 2018 overhauls direct tax measures: it revises tax rates, consolidates cesses, widens the tax base by PAN mandates and expanded definition of accumulated profits, brings deemed dividends under Dividend Distribution Tax, and introduces taxation of long term capital gains on equity and certain units subject to STT and specified cost basis rules. Cross border nexus rules are expanded to include agents and significant economic presence. The Bill also raises senior citizen reliefs, adds a standard salary deduction, provides insolvency relief for MAT and loss carry forwards, and strengthens assessment, reporting and customs procedures. en-us Thu, 01 Feb 2018 17:35:18 +0530 Thu, 01 Feb 2018 17:35:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31867 Finance Bill, 2018 overhauls direct tax measures: it revises tax rates, consolidates cesses, widens the tax base by PAN mandates and expanded definition of accumulated profits, brings deemed dividends under Dividend Distribution Tax, and introduces taxation of long term capital gains on equity and certain units subject to STT and specified cost basis rules. Cross border nexus rules are expanded to include agents and significant economic presence. The Bill also raises senior citizen reliefs, adds a standard salary deduction, provides insolvency relief for MAT and loss carry forwards, and strengthens assessment, reporting and customs procedures. Act-Rules Bills Thu, 01 Feb 2018 17:35:18 +0530 https://www.taxtmi.com/acts?id=31867