Finance Minister Pranab Mukherjee unveiled a new direct taxes code, which is likely to come into force from April 1, 2011. Read details @ http://i.utvi.com/i/directaxescode_120809.pdf
Our hard earned money is subject to income tax by government of india and rate of interest will depend on income made by person for any particular financial year. Hence government encourages certain types of long term saving (Mostly for your retierment times) and gives you tax breaks on those long term savings. These tax [...]
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