TDS at higher rate, pre-filled ITR forms, EPF contribution—5 Income rules that are changing from April 1
Income Tax new rules: Finance Minister Nirmala Sithraman presented her third Union Budget on February 1, 2021. She made several announcements that can have impact on how we file our Income Tax return from April 1.
Budget 2021 introduced a new provision — Section 206AB in Income Tax Act, providing for higher rate for tax deducted at source (TDS) for the non-filers of income tax return. Source: Pixabay