https://www.taxtmi.com/circulars?id=58721 Finance Act, 2018 prescribes the income tax rate structure and surcharge/cess regime, withdraws the general exemption for specified long term capital gains and introduces a concessional tax regime with consequential valuation and computation rules, expands the domestic nexus for taxing non resident business profits by aligning "business connection" with modified PE concepts and by creating a "Significant Economic Presence" test for digital and other prescribed transactions, and makes multiple targeted amendments to dividend taxation, stock to capital conversion, insolvency linked loss carry forwards, deductions, reporting, withholding and assessment procedures. en-us Wed, 26 Dec 2018 00:00:00 +0530 Mon, 31 Dec 2018 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58721 Finance Act, 2018 prescribes the income tax rate structure and surcharge/cess regime, withdraws the general exemption for specified long term capital gains and introduces a concessional tax regime with consequential valuation and computation rules, expands the domestic nexus for taxing non resident business profits by aligning "business connection" with modified PE concepts and by creating a "Significant Economic Presence" test for digital and other prescribed transactions, and makes multiple targeted amendments to dividend taxation, stock to capital conversion, insolvency linked loss carry forwards, deductions, reporting, withholding and assessment procedures. Circulars Income Tax Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58721