One major area of confusion remains: the capital gains tax on mutual funds.
Taxpayers eligible for a refund may now earn over 30% more interest on the refund amount.
The updated Income Tax Bill allows officials to bypass access codes and enter personal digital spaces.
ELSS funds offer a unique dual benefit—tax saving and wealth appreciation.
Gifts from close family members, including the spouse, parents, siblings, children, and in-laws, are tax-free.