Ministry Of Finance  

Starting from April 1, the new tax regime will come into effect, bringing many changes and additions. Taxpayers can now avail of a basic exemption of Rs. 3 lakh, which was previously Rs. 2.5 lakh.

Urjit Patel is the former Governor of the Reserve Bank of India. From 1998 to 2001, he worked as a consultant in the Department of Economic Affairs, Ministry of Finance. On 4 September 2016, he became the 24th Governor of the Reserve Bank of India (RBI).

According to ministry of finance, open cell television panels (15.6 inch and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TVs would attract nil duty

 

The tax tracker software will put India among those few countries that have been able to fully prevent tax evasion. Belgium, Canada and Australia have cut tax evasion by 100% with the help of similar software.