Tag: Income Tax Act changes
Posted in Economy
CBDT removes arrest and imprisonment as prescribed route for tax recovery
Tax defaulters will no longer face arrest and detention as a prescribed recovery route to recover tax. The central board of direct taxes(CBDT) has amended…
Posted in Economy
PF exemptions to now align in full with EPFO rules
New Delhi: In a move aimed at enhancing ease of doing business and reducing litigations, the budget proposed to rationalise certain provisions for provident funds…