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Government of India has introduced the Union Budget for the year 2025-2026. Highlights of the budget are: - Introduction of new income tax bill to simplify the Income Tax Act 1961. - Increase in the tax rebate resulting in making the tax liability zero up to an income of Rs. 12 lakh for an individual. - Deadline for filling the updated tax return has been increased from 2 years to 4 years. - Introduction of Arm's Length Price Scheme for determining the arm's length price of international transactions over a block period of three years. - Withdrawals from NSS (National Saving Scheme) will be exempted from tax starting from 29th August, 2024. For more information, please refer to the specified document.
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NPCI has issued the System changes in NRCS to mandate the submission of supporting evidence for Dispute Resolution, effective from 15th May
NSDL has issued a circular on the Updates for Implementation of Section 51A of UAPA, 1967: Updates to UNSC?s 1267/ 1999 ISIL (Da'esh) & Al-Q
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This notification states that schools are required to submit the List of Candidates (LOC) and remit the prescribed examination fee for the C
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