Recent budget proposed a decreased pace of tax for
the individuals and HUF's under Section 115BAC. Under this Section, an
alternative has been given to individuals and HUF to pay tax at lower rates,
subject to satisfaction of certain conditions. One of the conditions is that
individual settling on the diminished pace of tax won't be qualified to
guarantee certain exclusions and deductions. Rundown of such exclusion and
the deduction that won't be accessible are as under:
Showing posts with label Tax Exemptions and deductions you will not get in new income tax regime U/s 115 BAC. Show all posts
Showing posts with label Tax Exemptions and deductions you will not get in new income tax regime U/s 115 BAC. Show all posts
Thursday, 27 August 2020
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