Some of the key deadlines expiring in the month of March include free updation of Aadhaar, special fixed deposit schemes offered by SBI and IDBI and investment in tax saving instruments.
The CBDT order said that such outstanding tax demands pertaining to income tax, wealth tax and gift tax as on January 31, 2024, shall be remitted and extinguished "subject to the maximum ceiling of Rs 1 lakh for any specific taxpayer/assessee"., Personal Finance News, Times Now
It is to be noted that FM Sitharaman on February 1 proposed to retain the same tax rates for both direct and indirect taxes, including import duties. She also maintained the status quo on the capital gains structure, opting not to introduce any changes.
Interim budget expectations: From tax slab revision to removal of GST on insurance policies, taxpayers feel FM Nirmala Sitharaman should accommodate some of their wishes in the Interim Budget ahead of the comprehensive statement expected later this year.