Latest Tax Returns News & Updates

Report Recommends Tax Relief Measures in Upcoming Union Budget

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New Delhi, Jan 10 (IANS) The government should consider enhancing standard deduction for salaried employees, allowing more time for belated tax returns and several measures to improve ease of doing business in the upcoming Union Budget, a report has said.The report from KPMG India said India’s top expectations from the budget include a raise in the standard deduction for salaried employees to Rs 1 lakh and extension of timelines for filing revised or belated returns to help taxpayers with cros…