Taxation
Tax System. We slashed our Corporate Tax rate to make it lowest in the world.
- For senior citizens with the only pension as a source of income, government grants exemption from filing income tax returns.
- I propose to reduce the time limit for reopening of assessments (tax assessments) to 3 years from the present 6 years: FM
- Govt to set-up a faceless dispute resolution mechanism for small taxpayers.
- Govt proposes to increase the threshold for tax audit to Rs.10 crore vs Rs. 5crore (for those transacting 95 per cent digitally).
- Rs 1.5 Lakh additional deduction on
loan for affordable homes.
New Delhi [India], February 1 (ANI): Finance Minister Nirmala Sitharaman on Monday announced that the Central Government will set-up "professionally managed" Development Finance Institution (DFI) capitalised with Rs 20,000 crore aiming to have a lending portfolio of at least Rs 5 lakh crore within three years time.
Apple increased the length of time of its one-year free trial of Apple TV+ on January 15 with a second extension, enabling it to run from February until July. The change allowed anyone who started the free trial between November 2019 and June 2020 to receive up to five extra months of service for free.As s