Amendments announced by Hon. Finance Minister in Finance Bill.

[CS Swati Dodhi]

Amendments announced by Hon. Finance Minister in Finance Bill.

• Proposed retro amendments do not override DTAAs
  
  
• ST on sale of unlisted tax securities at 0.2%
  
  
• Remove onus of proof from tax payer
  
  
• Amending GAAR provision in Finance Bill
  
  
• GAAR deferred by one year, to be applicable from FY14
  
  
• Not to use retro amendments on cases where assessment final
  
  
• Hikes threshold for tax on gold jewellery to Rs 5 lakh
  
  
• Withdraws levy on all branded and non-branded jewellery
  
  
• Tax neutrality if foreign bks convert branches to subs
  
  
• Clarificatory proposals will not override tax treaties
  
  
• To introduce independent member to GAAR panel
  
  
• Withdrawal of TDS on sale of immovable property