Monday, May 7, 2012

Rollback from budget proposal in TDS and Capital Gain Tax

Finance Minister announces withdrawal of TDS on immovable property as proposed in Budget.
FM announces withdrawal of provisions in Customs and Excise rules under which bail was denied till public prosecutor was heard.
Govt halves capital gains tax on private equity to 10 per cent.
Retrospective amendments to Income-tax Act not to override DTAAs with 82 countries, says Mukherjee.

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