- Individual taxpayers with annual income up to INR 5 lakhs to get full tax rebate.
- Individuals with gross income up to INR 6.5 lakhs will not need to pay any tax if they make investments in provident funds and prescribed equities.
- Benefit of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses, for a taxpayer having capital gains up to 2 crores; can be exercised once in a lifetime.
- Benefits under section 80(i)BA being extended for one more year for all housing projects approved till the end of 2019-20.
…
Read more