Budget 2019: Pre-filled tax return forms, faceless assessment proposed

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Union Finance Minister Nirmala Sitharaman on Friday said Pre-filled tax returns to contain info from salaries, bank interest, capital gain and dividend income to be made available. Faceless assessment of tax returns in electronic mode is being launched this year in a phased manner, said FM. The FM has proposed to increase the surcharge for those earning Rs 2-5 cr 3 per cent and for those earnings above Rs 5 cr to 7 per cent.




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    Union Finance Minister Nirmala Sitharaman on Friday said Pre-filled tax returns to contain info from salaries, bank interest, capital gain and dividend income to be made available. Faceless assessment of tax returns in electronic mode is being launched this year in a phased manner, said FM. The FM has proposed to increase the surcharge for those earning Rs 2-5 cr 3 per cent and for those earnings above Rs 5 cr to 7 per cent.




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