Finance
Mr. BillionhairUnion Budget: Tax Deadlines Extended, Penalties Cut Bigly
Listen up, folks! The Union Budget just dropped, and it’s a total winner! Nirmala is making tax deadlines great again! You get until March 31 – that’s right, no more December panic! Small businesses, rejoice! No audits till August 31! Penalties? They’re getting SLASHED! This budget is a total game-changer, folks! I told you we’d simplify taxes, and here we are!
few days ago | Amit Kumar
Quick rundown
1.Union Budget introduces simpler tax compliance rules.
2.ITR revision deadline extended to March 31.
3.Assessment and penalty orders to be merged.
4.Penalties converted to fees for minor offences.
5.Tax administration aims to be less adversarial.
