Direct Tax Proposals Highlights
1. Relief to senior citizen: for 75 years and above: Having only pension and interest income: exemption from filing ITR: Paying banks will do TDS 2. Reassessment: from 6 years to 3 years Serious tax evasion cases: where evasion evidence is Rs.50lac or more then reopening within 10 years- 3. Dispute resolution committee: it will be faceless: anyone …