Future assessments of India’s credit profile will depend upon:
The economic growth will depend upon:
Source:
Extra details/info:
What does the Finance Bill 2012 concern?
The provisions of the Finance Bill, 2012 relating to direct taxes seek to amend the Income-tax Act, inter alia, in order to provide for-
A. Tax rates
B. Widening of tax base
B. Widening of tax base
C. Measures to prevent generation and circulation of unaccounted money
D. Tax incentives and reliefs
E. Rationalization of Tax Deduction at Source (TDS) provisions
F. Rationalization of international taxation provisions
G. Rationalization of transfer pricing provisions
H. General Anti-Avoidance Rule
I. Other clarifications
2. The Finance Bill, 2012 seeks to prescribe the rates of income-tax on income liable to tax for the assessment year 2012-13; the rates at which tax will be deductible at source during the financial year 2012-13 from interest (including interest on securities), winnings from lotteries or crossword puzzles, winnings from horse races, card games and other categories of income liable to deduction or collection of tax at source under the Income-tax Act; rates for computation of “advance tax”, deduction of income-tax from, or payment of tax on, ‘Salaries’ and charging of income-tax on current incomes in certain cases for the financial year 2012-13.
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