The Union Budget 2021 announced on Monday by Finance Minister Nirmala Sitharaman accompanied no major tax changes, contrary to what was reported earlier. Follow Union Budget 2021 reactions LIVE Here are five tax changes you need to know: Exemption for senior citizens Senior citizens above the age of 75 with only pension and interest income will not be exempted from …
The government has assured income tax officials that implementation of the new faceless and contactless tax administration would not cause any large-scale movement of officers or officials and all the changes would be done within the existing manpower preferably at the existing locations. Sources said that the Central Board of Direct Taxes held an online meeting on Tuesday with officers …