<p>NASHIK: Corporate rate tax slashed.</p><ul><li><p>Return filers saw a dramatic increase; Relief for senior citizens; exemption to senior citizens from filing returns</p></li><li><p>Reduction in time for income tax proceedings; Reduce the time limt for reopening of assessment to 3 years</p></li><li><p>Dispute resolution committee to be constituted for small tax payers; to make income tax appellate tribunal faceless; Relaxation to NRI</p></li></ul>
