https://www.taxtmi.com/article/detailed?id=8891 Proposes replacing fixed standard deductions for salaried persons with percentage-based slabs of salary, permitting depreciation for personal assets used in employment at half the normal rate, and allowing depreciation on let-out house properties. Recommends increasing deductions for long-term savings, permitting set-off of business losses against salary income except for a negative list, and introducing a voluntary disclosure scheme taxing undisclosed income in exchange for immunity. Also suggests targeted senior citizen tax relief measures. en-us Tue, 07 Jan 2020 06:55:06 +0530 Tue, 07 Jan 2020 06:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8891 Proposes replacing fixed standard deductions for salaried persons with percentage-based slabs of salary, permitting depreciation for personal assets used in employment at half the normal rate, and allowing depreciation on let-out house properties. Recommends increasing deductions for long-term savings, permitting set-off of business losses against salary income except for a negative list, and introducing a voluntary disclosure scheme taxing undisclosed income in exchange for immunity. Also suggests targeted senior citizen tax relief measures. Articles Budget - Tax Proposals Tue, 07 Jan 2020 06:55:06 +0530 https://www.taxtmi.com/article/detailed?id=8891