Going forward, the government may also look at stricter tax deduction norms for e-commerce and online service providers, besides online gaming. Read More
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Union Budget 2023: Buoyant tax collections cushion Govt on fiscal front, Income Tax Return reforms likely next year
In the longer run, the government wants to do away with the complex old tax regime by establishing a new system, devoid of exemptions and deductions. Moving in that direction the government in Union Budget 2020-21 gave option to taxpayers to choose between the old regime with various deductions and exemptions and the new tax… Continue reading Union Budget 2023: Buoyant tax collections cushion Govt on fiscal front, Income Tax Return reforms likely next year