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From TDS to LTC: These rules will change from April 1

From TDS to LTC: These rules will change from April 1

With the beginning of the new financial year on April 1, a number of significant changes will take place with regards to the tax rules. All of these important tasks will have to be undertaken by the taxpayers in the new financial year. Some of these changes are in accordance with the announcements made by finance minister Nirmala Sitharaman in the Union Budget 2021.

Notably, March 31 is also the deadline set by the government to link Permanent Account Number with the Aadhaar card, otherwise, PAN will become inoperative from April 1. Taxpayers also have to fill the revised income tax return (ITR) by March 31.

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