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Under the draft, PAN will be required only if total cash deposits or withdrawals reach ₹10 lakh in a financial year.
Buybacks are a common method for companies to return surplus cash to shareholders.
Budget 2026 provides a tax exemption on interest from motor accident compensation.
The Act introduces tables and formulas. Around 39 tables and 40 formulas replace lengthy legal text.
For many middle-class taxpayers, equity mutual funds are redeemed during critical life events.