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The Indian Income Tax Act has witnessed critical amendments as Section 115BAC was brought into the Finance Act 2020. The section has provided individual taxpayers and Hindu Undivided Families (HFU) with an alternative to a new tax regime, which allows these to be charged at reduced rates of tax.

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Parul Bohral, a BALLB graduate and experienced legal researcher and content writer with expertise in various legal areas, including corporate law and intellectual property. I have gained valuable experience in esteemed legal environments, where I have strengthened my research skills, allowing me to approach legal writing with precision and depth.
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