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These proposed rules aim to increase financial transparency while also introducing certain conveniences for taxpayers.
In several cases, the Reserve Bank of India deducted Tax Deducted at Source (TDS) only when the bonds matured.
The India Post offers a dependable option through the Post Office Monthly Income Scheme.
Currently, the LTC exemption remains capped at economy-class airfare for air journeys.
The initiative aligns with CBIC’s broader vision of trust-based and technology-driven customs administration.