Finance ministry has announced that employees earning upto Rs 5 lack per year, now need not file incom tax returns from this year. This exemption from filing Income Tax returns is applicable only if “the total income of the employee does not exceed Rs 5 lakh … (and) the annual interest
When the common man is already dying under the burden of inflation and corruption, the new service tax regime will make it more difficult for him to survive. The government of India is rolling out a new tax regime based on negative concept list. The definition of ‘Services’ has been