INSUBCONTINENT EXCLUSIVE:
The income tax assessee can make use of latest changes in laws to make most of the earnings in AY2020-21The government has announced a
number of income tax-related changes in Budget 2019
Among these changes with respect to income tax, a full rebate to individuals with annual income up to Rs 5 lakh has been announced
Once these changes come into force, many income tax assessees will be able to benefit by planning their investments, say financial advisors
From the 25 per cent increase in standard deduction threshold to the existing Section 80C deductions, the taxpayer can make use of income
individuals having gross income up to Rs 6.5 lakh may not be required to pay any income tax subject to investments in instruments such as
proportion of the middle class families earning Rs 10 lakh or more is relative low therefore the proposed budgetary provisions of tax
58,760 in taxes by making investments under sections 80C, 80D, 8CCD and 24 of the Income Tax Act, and also utilizing the standard
second property as self-occupiedProfit of up to Rs 2 crore from sale of residential property to be invested in not one but two properties to
