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The tax department’s capricious plan to harass taxpayers by extending the validity of a tax provision by 3 months was grounded in the so-called Relaxation Act of 2020
10 income tax changes announced in Budget taxpayers should know
Budget 2021 proposed higher TDS for non-filers of income tax returns
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But she announced many changes that will ease compliance for taxpayers
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In Budget 2021, Finance Minister Nirmala Sitharaman announced some tweaks in income tax rules that will help ease the compliance for taxpayers. Tax experts have welcomed the move. No increase in taxes and no Covid cess. However no increased deductions either, said Asrujit Mandal, Partner - Tax & Regulatory Services, BDO India. Pre-filled tax returns with details of bank and post office interest, capital gains and dividends will help taxpayers in capturing income more accurately, he said.