https://www.taxtmi.com/news?id=25030 Proposals reduce the Alternate Minimum Tax rate and surcharge for co-operative societies to improve parity with companies; extend the incorporation deadline for start-up tax incentives and the commencement period for concessionally taxed newly incorporated manufacturing companies; exempt specified IFSC incomes subject to conditions; require tax deduction where aggregate benefits to agents exceed a prescribed annual threshold; cap surcharge on long-term capital gains and associations of persons; disallow surcharge and cess as business expenditure; and prohibit set off of losses against undisclosed income detected in search or survey operations. en-us Tue, 01 Feb 2022 13:33:15 +0530 Tue, 01 Feb 2022 13:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25030 Proposals reduce the Alternate Minimum Tax rate and surcharge for co-operative societies to improve parity with companies; extend the incorporation deadline for start-up tax incentives and the commencement period for concessionally taxed newly incorporated manufacturing companies; exempt specified IFSC incomes subject to conditions; require tax deduction where aggregate benefits to agents exceed a prescribed annual threshold; cap surcharge on long-term capital gains and associations of persons; disallow surcharge and cess as business expenditure; and prohibit set off of losses against undisclosed income detected in search or survey operations. News - Tue, 01 Feb 2022 13:33:15 +0530 https://www.taxtmi.com/news?id=25030