Salary & family pension deductions enhanced for new tax regime. Standard deduction up from Rs. 50K to Rs. 75K. Family pension deduction up to Rs. 25K/...
Sub-section (1) in Section 7 amended to exempt Extra Neutral Alcohol used for manufacturing alcoholic liquor for human consumption from Union Territory tax. Section 8A inserted to regularize non-levy or short levy of Union Territory tax resulting from general practice, empowering Government in this regard.
Sub-section (1) in Section 7 amended to exempt Extra Neutral Alcohol used for manufacturing alcoholic liquor for human consumption from Union Territory tax. Section 8A inserted to regularize non-levy or short levy of Union Territory tax resulting from general practice, empowering Government in this regard.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 21
Join Channel
TaxTMI 
