84 ViewsThere are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023. 1) New income tax regime to be default regimeStarting, 1 […]
Old income-tax regime with deductions must go: Revenue Secretary Tarun Bajaj
331 ViewsRevenue Secretary Tarun Bajaj on Saturday said that the old income tax regime must be disincentivised with a view to encourage more people to opt for the new income-tax regime. Bajaj mooted a shift towards a simplified taxation tax structure. The new tax regime, which comes with lower tax rates and fewer tax benefits, […]