Sop Snapshot

Sop Snapshot
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  • No change in tax slabs and rates
  • 1/6 scheme for filing income-tax returns abolished
  • Bank FDs for 5-years or more qualifies for tax relief under Sec 80C
  • Tax authorities now have the power to issue PAN suo motu
  • Service tax increased from 10 per cent to 12 per cent
  • FBT rationalisation in respect of superannuation contributions
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