Union Finance Minister Nirmala Sitharaman has announced various reforms to the new tax regime in her address while introducing the Budget 2023-23. 750,000 and who opt for the new tax regime, may not be keen to make investment in ELSS funds,” Suresh Surana added. However, in Budget 2021, the new tax regime has done away with many of the exemptions …
While hearing the cases related to NEET-PG Counselling, the Supreme Court on Thursday orally remarked that the Expert Committee constituted by the Central Governemnt has attempted to provide a post-facto justification to the Rupees 8 lakh gross annual income limit for Economically Weaker Sections quota. "There you say that the income limit for determining EWS also largely followed the economic …
The Supreme Court Bar Association has announced a 'General Assistance Scheme 2021' to support the bereaved and financially unstable families of such lawyers who pass away at an early age. The Association has also announced a 'Covid-19 Financial Assistance Scheme 2021' to support its members who are suffering financially due to the pandemic. General Assistance Under the General Assistance Scheme, …
The pandemic and the subsequent Work From Home policy has led to some employers offering allowances and reimbursement to employees. Harsh Bhuta, Partner, Bhuta Shah and Co LLP The finance minister should consider the reintroduction of single tax slab structure and increase the minimum taxable income threshold from Rs 5 lakhs to 7.5 lakhs. Australia has come out with following …
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