Section: 115BAC - Incentives in Tax rates to Individual and HUF (Proposed)

CA Nayan Goyal , Last updated: 02 February 2020 Share Follow on Google News

In the Budget 2020 presented on 1st February 2020 by Finance Minister Smt. Nirmala Sitharaman. It has been proposed to provide option to individual and HUF by insertion of section 115BAC in the Income Tax, Act 1961, which provides the following:- 1. On satisfaction of certain conditions, an i

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About the Author

CA Nayan Goyal

Assistant Manager at Power Finance Corporation Limited

I am a Chartered Accountant and cleared my CA final exams in May 2019 with an All India First Rank. I am currently working with Power Finance Corporation Limited as an Assistant Manager.

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