Monday, 08 March 2021 / Published in Income Tax

Section 115BAC of Income Tax Act, 1961: Tax on Income of Individual or HUF

Section 115BAC of Income Tax Act, 1961: Tax on Income of Individual or HUF The Finance Act, 2020 has introduced a new section 115BAC giving an option to the resident as well as non-resident Individual or Hindu Undivided Family (HUF) to pay income tax at a new slab of tax rates. The New section is