https://www.taxtmi.com/article/detailed?id=8930 The Budget makes the new tax regime optional, allowing taxpayers to elect slab-based rates instead of most deductions and exemptions while retaining the old regime; it abolishes dividend distribution tax so dividends are taxed in recipients' hands; provides a settlement route under the Vivaad se Vishwas scheme with waiver of interest and penalty subject to payment timelines; raises the tax-audit turnover threshold with cash-transaction conditions; offers cooperative societies and companies alternative tax options; extends affordable housing deduction timelines; and mandates electronic registration for charitable institutions. en-us Sat, 01 Feb 2020 19:06:17 +0530 Sat, 01 Feb 2020 19:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8930 The Budget makes the new tax regime optional, allowing taxpayers to elect slab-based rates instead of most deductions and exemptions while retaining the old regime; it abolishes dividend distribution tax so dividends are taxed in recipients' hands; provides a settlement route under the Vivaad se Vishwas scheme with waiver of interest and penalty subject to payment timelines; raises the tax-audit turnover threshold with cash-transaction conditions; offers cooperative societies and companies alternative tax options; extends affordable housing deduction timelines; and mandates electronic registration for charitable institutions. Articles Income Tax Sat, 01 Feb 2020 19:06:17 +0530 https://www.taxtmi.com/article/detailed?id=8930