Limitation in customs appeals permits exclusion for bona fide refund proceedings, enabling restoration of Bill of Entry assessment challenges on merit...
Warehousing permission requires deposit at the designated bonded warehouse; unauthorised diversion triggers confiscation, redemption fine and importer...
Income tax relief proposed for salaried individuals and pensioners opting for new tax regime. Standard deduction for salaried employees increased from Rs. 50,000 to Rs. 75,000. Deduction on family pension for pensioners enhanced from Rs. 15,000 to Rs. 25,000. Revised tax rate structure with rebate up to Rs. 7 lakh income. Salaried employee to save up to Rs. 17,500 annually.
Income tax relief proposed for salaried individuals and pensioners opting for new tax regime. Standard deduction for salaried employees increased from Rs. 50,000 to Rs. 75,000. Deduction on family pension for pensioners enhanced from Rs. 15,000 to Rs. 25,000. Revised tax rate structure with rebate up to Rs. 7 lakh income. Salaried employee to save up to Rs. 17,500 annually.
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