The Income Tax Act 1961 is a voluminous piece of legislation. Taxmann Publications’ latest edition of the Act runs into 1,125 pages. It’s enough to intimidate even the most diligent law student and tax expert, leave alone ordinary taxpayers. But hidden away in the 300-odd sections and 14 schedules are clauses that can benefit ordinary taxpayers-provided they know how to claim those benefit.
ET Wealth spoke to a range of tax experts to glean information on little-known tax benefits you may be entitled to. Here are eight deductions that can help you save tax over and above the tax saving investments you make during the year.
Some of my comments has been captured in this write up published in The Economic Times Wealth January 3, 2011 Page 2, 3 & 4. Link to the article : http://economictimes.indiatimes.com/articleshow/7201334.cms
really very informative and usefull, gr8 work.
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