https://www.taxtmi.com/article/detailed?id=7846 Long term capital gains exemption for listed securities subject to transaction tax is withdrawn and a new taxable regime with a capped long term gains rate and TDS on transfers is introduced. ICDS are given statutory force, prescribing mark to market loss allowance, recognition of foreign exchange gains/losses, inventory and securities valuation, and percentage completion accounting for construction contracts. Compliance changes require PAN for non individual entities above transactional thresholds, mandatory filing by all companies, expansion of e assessment, restricted processing adjustments for certain mismatches, and increased penalties for non filing of financial statements. en-us Thu, 01 Feb 2018 19:31:19 +0530 Fri, 02 Feb 2018 18:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7846 Long term capital gains exemption for listed securities subject to transaction tax is withdrawn and a new taxable regime with a capped long term gains rate and TDS on transfers is introduced. ICDS are given statutory force, prescribing mark to market loss allowance, recognition of foreign exchange gains/losses, inventory and securities valuation, and percentage completion accounting for construction contracts. Compliance changes require PAN for non individual entities above transactional thresholds, mandatory filing by all companies, expansion of e assessment, restricted processing adjustments for certain mismatches, and increased penalties for non filing of financial statements. Articles Income Tax Thu, 01 Feb 2018 19:31:19 +0530 https://www.taxtmi.com/article/detailed?id=7846