Allow tax deduction for health insurance in the new regime, says ICAI chief

Allow tax deduction for health insurance in the new regime, says ICAI chief

Taxpayers are expecting stab-rate changes and higher deductions in the old tax regime ahead of the 31 July deadline for filing income tax returns, but Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India believes the old tax regime could be discontinued in phases. While he is not in favour of offering … Read more