Current tax slabs to stay, surcharges should go next: FMSANJAY DIXITPrint this
However, the tax slabs will remain unchanged. This move will benefit around 3 crore middle class tax payers. For salaried persons, Standard Deduction is being raised from the current Rs 40,000 to Rs 50,000. The Tax Deducted at Source (TDS) on fixed deposits and postal deposits will be ex...
Some of the sectors of focus include Green Infrastructure, Mid-Income & Affordable Housing, Infrastructure services and allied sectors.Strategic Investment Fund: Strategic Investment Fund is registered as an Alternative Investment Fund II under SEBI in India. The objective of “Strategic Fund” is to...
This is despite the number of taxpayers has increased across all the tax slabs and more individuals report income in crores than ever before. What are the concerns? Though the average reported income has also increased for the low tax slabs, this is not the case with high income groups. Af...
We therefore make it clear that for the assessment year 2019-20, the income tax return shall be filed in terms of the judgment passed by this court. The special leave petition is disposed of in the above terms'. National Virtual Library of India: It is a comprehensive database on digital...