https://www.taxtmi.com/news?id=21765 The Finance (No.2) Bill, 2019 implements broad amendments to direct and indirect taxation: it prescribes income-tax rates with graduated surcharge and a 4% Health and Education Cess; introduces new deductions and restrictions (including for interest on housing and electric vehicle loans and rules on loss carry forward after shareholding change); expands documentation and withholding obligations; mandates Aadhaar-based authentication and electronic payment/acceptance provisions in indirect tax administration; creates a National Appellate Authority for Advance Ruling; and authorises retrospective validation and enhanced customs enforcement powers. en-us Mon, 22 Jul 2019 13:16:10 +0530 Wed, 11 Feb 2026 15:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21765 The Finance (No.2) Bill, 2019 implements broad amendments to direct and indirect taxation: it prescribes income-tax rates with graduated surcharge and a 4% Health and Education Cess; introduces new deductions and restrictions (including for interest on housing and electric vehicle loans and rules on loss carry forward after shareholding change); expands documentation and withholding obligations; mandates Aadhaar-based authentication and electronic payment/acceptance provisions in indirect tax administration; creates a National Appellate Authority for Advance Ruling; and authorises retrospective validation and enhanced customs enforcement powers. News - Mon, 22 Jul 2019 13:16:10 +0530 https://www.taxtmi.com/news?id=21765