Bizzroots

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

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