Shivani (Finance Professional) 01 February 2018
In case of no deduction of tax for payments abouve Rs. 10000 to trust, 30% shall be taxed.
Incentives for sr citizens: Exemtion of interest income on bank deposits raised to Rs, 50000.
Proposal to amend income tax act to notify new scheme for assessment.
Central boards of Excise & Customs name changed to central board of indirect taxes & customs.