Budget 2023: In Budget 2021-22, some provisions were made regarding tax and NRI and relief was also provided to NRI. Giving information about this, a tweet has also been done on behalf of PIB and information has been given about further progress.
Income Tax Return: Union Budget 2023 is going to be presented in a few days. People are eagerly waiting for this budget and people are hopeful that many important announcements can be made in this budget. On the other hand, many important announcements were made by the Modi government in the last budget, regarding which the government has given information about the further progress of those announcements. Under this, tax relief has also been given to many people.
Income Tax
Actually, in the budget 2021-22, some provisions were made regarding tax and NRI and in this relief was also provided to NRI. Giving information about this, a tweet has also been done on behalf of PIB and information has been given about further progress.
Tax exemption
It has been told by tweeting on behalf of PIB in Uttar Pradesh, ‘Tax relief to NRIs! Section 89A of the Income Tax Act, 1961 provides relief to NRI taxpayers in respect of their income from retirement benefit accounts. Rule 21AAA notified. Notified countries are Canada, the United Kingdom and the United States. This tweet has also been retweeted through Income Tax India.
https://twitter.com/PibLucknow/status/1610901411235078146?s=20&t=Ln3QM7vIsDrxV_q9NGfTJQ
Income tax return
Along with giving relief to NRIs, senior citizens have also been given relief. Giving information in another tweet, PIB in Uttar Pradesh said, ‘Relief for senior citizens! Section 194P was inserted in the Income Tax Act, 1961, which exempts senior citizens above 75 years of age from filing ITR, who have only pension and interest earned income. Designated banks and relevant forms notified.
https://twitter.com/PibLucknow/status/1610886312839593984?s=20&t=PsSxixKucUO6AqptSr0ydg
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