Provisions relating to Finance Bill, 2011

The provisions of the Finance Bill, 2011 relating to direct taxes seek to amend the Income-tax Act, 1961, inter alia, in order to,- (i) increase the basic exemption limit in the case of individual taxpayers; (ii) lower the qualifying age of senior citizens from 65 years to 60 years and also to increase the current exemption limit in such cases;… Read moreProvisions relating to Finance Bill, 2011