The Central Board of Direct Taxes (CBDT) issued a circular on Monday to clarify options under Section 115AC of the Income Tax Act, 1961. Recently, Section 115BAC of the Income-tax Act, 1961 was inserted by the Finance Act, 2020 which provided that a person, being an individual or a Hindu undivided family (HUF) having income […]
The post CBDT issues clarification on New Option under Section 115AC of Income Tax Act, 1961 [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.
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