https://www.taxtmi.com/article/detailed?id=11245 Specified debt mutual funds with limited equity exposure lose indexation and concessional long-term capital gains treatment, altering their tax classification and computation. Amendments add a special capital-gains provision for market-linked debentures, adjust cost-of-acquisition rules for business trust units, expand original fund definitions, and create targeted transfer exemptions. IFSC-specific measures introduce a time-bound exemption for qualifying aircraft-leasing units, clarify dividend and specified-sum taxation for IFSC and business-trust unit holders, amend surcharge and tonnage-tax options, and enhance tax-holiday provisions. TDS/TCS rules and other non-resident and exemption provisions were also revised. en-us Sat, 25 Mar 2023 10:23:20 +0530 Sat, 25 Mar 2023 10:34:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11245 Specified debt mutual funds with limited equity exposure lose indexation and concessional long-term capital gains treatment, altering their tax classification and computation. Amendments add a special capital-gains provision for market-linked debentures, adjust cost-of-acquisition rules for business trust units, expand original fund definitions, and create targeted transfer exemptions. IFSC-specific measures introduce a time-bound exemption for qualifying aircraft-leasing units, clarify dividend and specified-sum taxation for IFSC and business-trust unit holders, amend surcharge and tonnage-tax options, and enhance tax-holiday provisions. TDS/TCS rules and other non-resident and exemption provisions were also revised. Articles Budget - Tax Proposals Sat, 25 Mar 2023 10:23:20 +0530 https://www.taxtmi.com/article/detailed?id=11245