Introduction- The pleasure of receiving money may get reduced when a substantial part of money is paid by way of taxes. To maintain the pleasure, the money could better be invested in some tax saving schemes which will not only save taxes but will also provide returns. Let us take a look at some of […]
Section 115BAC of Income Tax Act. 1. Clause 53 of the Bill seeks to insert new section 115BAC in the Income-tax Act relating to tax on income of individuals and Hindu undivided family. These amendments will take effect from 1st April, 2020 and will, accordingly, apply in relation to the assessment year 2020-2021 and subsequent […]
