1.Residential status: Resident & Non-resident (Not ordinary resident status removed)
2.Assessment year & previous year removed; only financial year will be used.
3.LTCG: Taxable as part of normal income without
4.Dividends: Taxed @15% without DDT.
5.Tax rate for ultra rich (income >10Cr) taxed @35%.
6.Tax audit can be conducted by CA, CMA & CS