Articles by CA Hetal Thakkar

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Exemptions prescribed for taxpayers opting for New Tax Regime- Section 10(14)

CA Hetal Thakkar 07 July 2020 at 09:35

The taxpayers opting to be governed under the new tax regime have to forego various deductions and exemptions, unless specifically provided.

Posted in Income Tax | 3282 Views

The New Regime of Taxation

CA Hetal Thakkar 22 June 2020 at 09:45

In order to provide significant relief to the individual taxpayers and to simplify the Income-tax law, the Finance Act 2020, has recently introduced new concessional personal tax regime, (hereinafter referred as 'New tax regime'), by inserting Section 115BAC in the Income-tax Act,1961

Posted in Income Tax | 9 comments | 5649 Views