https://www.taxtmi.com/acts?id=50279 Amendment to Section 139 revises the salary-based filing exemption by redefining clause (b) to base exemption on salary income excluding non-monetary benefits and omits the prior Explanation; it replaces Explanation 2 in sub-section (8) to treat first assessments under section 147 as regular assessments and substitutes clause (b) to require corresponding increase or reduction of interest after specified assessment/appellate orders, mandating a notice of demand when interest is increased and refunding excess interest when reduced. en-us Thu, 06 Mar 2025 18:09:08 +0530 Thu, 06 Mar 2025 18:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50279 Amendment to Section 139 revises the salary-based filing exemption by redefining clause (b) to base exemption on salary income excluding non-monetary benefits and omits the prior Explanation; it replaces Explanation 2 in sub-section (8) to treat first assessments under section 147 as regular assessments and substitutes clause (b) to require corresponding increase or reduction of interest after specified assessment/appellate orders, mandating a notice of demand when interest is increased and refunding excess interest when reduced. Act-Rules F. Acts / Amendment Acts Thu, 06 Mar 2025 18:09:08 +0530 https://www.taxtmi.com/acts?id=50279