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/...
Section 200A of the Income Tax Act is being amended to broaden its scope for processing statements filed by entities other than deductors, such as Form No. 26QF filed by Exchanges where deductees file tax details. The Board will formulate a scheme for processing such statements. This amendment will take effect from April 1, 2025.
Section 200A of the Income Tax Act is being amended to broaden its scope for processing statements filed by entities other than deductors, such as Form No. 26QF filed by Exchanges where deductees file tax details. The Board will formulate a scheme for processing such statements. This amendment will take effect from April 1, 2025.
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