5 key changes in income tax provisions announced in Budget 2019
- FM Nirmala Sitharaman today announced that Aadhaar and PAN would be made interchangeable
- Additional income tax deduction of ₹1.5 lakh on home loans for affordable houses costing below ₹45 lakh announced in Budget 2019
The government today proposed many changes in income tax provisions for this year. Finance minister Nirmala Sitharaman in her maiden budget kept the income tax slab rates unchanged but announced a slew of new income tax proposals that could impact many tax payers. The government today announced that Aadhaar and PAN would be made interchangeable for tax-filing purpose. This means that if you don’t have a PAN, you can file returns using Aadhaar.
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