Income generated by assets (land, shares, mutual funds etc.) bought under your spouse or child’s name need to be declared by you as well
Read MoreRevised tax slabs in the new tax regime now benefit the middle class and pensioners, with a 5 per cent rate for incomes between Rs 3-7 lakh and 10 per cent for Rs 7-10 lakh, saving up to Rs 17,500 more
Read MoreAssocham recommends reducing bureaucratic hurdles along with strengthening of social safety net for vulnerable sections.
Read MoreAccording to media reports, the government is prioritising tax rate cuts for lower-income earners over implementing additional welfare spending or freebies, emphasising the importance of fiscal consolidation
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