#budget2021 Nashik metro and Nagpur metro projects announced by FM at a cost of over 2200crs & 5000crs respectively

#Budget2021 - Senior citizens aged 75 & above having only pension & interest income - Exemption from filing income tax return as per Nirmala Sitharaman

#Budget2021 Details of Capital gains, dividend income and interest from banks, post office will be pre-filled in income tax returns. Will greatly help salaried taxpayers who had to calculate capital gains of mutual funds sold and bank interest income.

NPS Vatsalya accounts can be used by parents to contribute towards their minor children. These can be converted to NPS accounts after the attainment of age 18 by these minors.

Long term capital gains on financial and non-financial assets will attract 12.5% tax. The limit for exemption has been increased to ₹1.25L from ₹1L.

Excel utility for ITR forms 2 & 3 for Assessment year 2025-26 available for download on the IT portal.