Numerous income tax rules to be changed in the country very soon.
According to reports, main changes are to take place from April 1, 2023. And other changes are to take place in this fiscal year.
The changes are tax rebate limits, changes to income tax slabs, and the elimination of the LTCG tax benefit on certain debt mutual funds, standard deduction, LTA.
As per sources, 10 changes are to take place in Income Tax Rules.
