- No income tax filling for senior citizens over the age of 75
- Re-opening of tax returns timeline reduced from 6 years to 3 years
- setup of a faceless dispute resolution committee for small taxpayers
- Lower treaty rate benefit will be given to Foreign Investors
- Additional Interest deduction of Rs.1.5 lakhs extended for loans taken till 31st March, 2022
- Tax Holiday extended till 31st March, 2022 on Affordable Housing Projects
- Details of Capital Gains, Dividend Income and Interest income will be pre-filled in the returns
- Charitable trusts running Hospitals and Educational Institutions relief increased from Rs.1 crore to Rs.5 crore
- Employee contribution not paid by employer will not be allowed as a deduction
Tax holiday for Start-Ups extended to 31st March, 2022. - Capital Gains exemption on investment in start ups also extended to 31 March, 2022
Union Budget 2021: No ITR for Senior Citizens and many more key benefits granted
