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E-filing of tax returns jumps 68.5% in April

E-filing of tax returns witnessed a jump of 68.5 per cent in the first month of the current fiscal year with over 8.32 lakh assessees filing ITRs electronically.

There is no separate form or process for filing nil tax and the entire process is similar to filing a normal return.

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The effective yield on 7.6% 15-year NHAI bonds for an individual in the 30.9% tax bracket is 11%
Revenue Secretary Hasmukh Adhia said excise duty mop up in April spurt by 70 per cent to Rs 28,252 crore as against Rs 16,546 crore in the year-ago month.
"The revenue department has taken various steps to give relief to small taxpayers and small businesses and professionals," a finance ministry statement said.
CBDT has informed that these amended rules will be applicable from June 1, 2016.
It's that time of the year when you have to line up investment proofs to save tax. A handy reckoner...