https://www.taxtmi.com/news?id=27698 Budget 2024-25 increases deductions in the new personal income tax regime (including standard deduction and family pension), permits reopening of assessments beyond three years up to five years where escaped income exceeds a high threshold, and advances administrative reforms-expanded Form 26AS reporting, pre filled ITRs, the updated return facility under Section 139(8A), an e verification scheme, expansion of TDS/TCS, and a digital Dispute Resolution Committee to reduce litigation for smaller taxpayers. en-us Tue, 23 Jul 2024 18:13:00 +0530 Tue, 23 Jul 2024 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27698 Budget 2024-25 increases deductions in the new personal income tax regime (including standard deduction and family pension), permits reopening of assessments beyond three years up to five years where escaped income exceeds a high threshold, and advances administrative reforms-expanded Form 26AS reporting, pre filled ITRs, the updated return facility under Section 139(8A), an e verification scheme, expansion of TDS/TCS, and a digital Dispute Resolution Committee to reduce litigation for smaller taxpayers. News - Tue, 23 Jul 2024 18:13:00 +0530 https://www.taxtmi.com/news?id=27698