New Delhi, Feb. 15 -- The income tax department has launched the utility to enable taxpayers to check the relevant provision of the new income tax Bill.
The new income tax Bill was introduced in the Parliament on Thursday and it will now be referred to the Select Committee of Lok Sabha for further review. Meanwhile, the Lok Sabha proceedings have been adjourned till Mar 10.
Significantly, income tax department has also released frequently asked questions (FAQs) on provisions for salaried taxpayers, and more.
Additionally, if taxpayers want to check which new provision carries their regular exemption and under which provision they can file their appeal etc, - they can go to the relevant provision of the existing Act (Income Tax Act, 196...
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