Faceless Assessment Scheme Under Section 144B of the Income Tax Act

Faceless Assessment Scheme Under Section 144B of the Income Tax ActThe Central Government launched the Faceless Assessment Scheme to enhance transparency, streamline processes, and ensure greater accountability in income tax…

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Section 115BAC of Income Tax Act: New Tax Regime Deductions Allowed, Exemption List & Benefits

What is Section 115BAC – The New Tax Regime?Section 115BAC, introduced in the Budget 2020, established a new tax regime effective from FY 2020-21 (AY 2021-22). This regime offers reduced…

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