Central Board of Direct Taxes
Making the biggest recent reform of tax collection methods, the government introduced faceless assessment this month, but resistance to change from within the bureaucracy could lead to a bumpy roll-out for the new system.
Tax unions irked by PM Modi's switch to faceless assessment: Letter
15 Oct 2019 12:02 PM

The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said the letter.

Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income. (Representational Image)
Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest
23 May 2019 6:07 PM

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.

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