The Finance Bill, 2021 was passed in the Lok Sabha today.
The salient features of the bill include
- Reduced compliance burden for senior citizens of age 75 years & above
- Tax incentives for Affordable Housing and Affordable Rental Housing Project
- Reduction in Time Limits of Re-opening of Assessment
- Setting up of Dispute Resolution Committee (DRC)
- Faceless Income Tax Appellate Tribunal (ITAT)
- Tax benefit for Start-ups
CAclubindia
