Changes in finance bill 2012

1) Withdrawal of TDS on purchase of Immovable Property

2) Retrospective amendment to Sec. 9 not applicable where assessment order already passed

3) GAAR : Provisions postponed, now effective from 01-04-2014

4) GAAR : Provisions as to onus of proof shifted to revenue

5) GAAR : Advance Ruling applicable to GAAR cases

6) GAAR : Constitution of approving panel changed

7) STT on sale of unlisted securities at 0.2%

8) No excise duty on purchase of jewellery upto Rs. 5 lakhs