Sections in the Income Tax Act that give good benefits.
At present, there is no income tax for people earning less than Rs 1.5 lakh as annual income.
The new forms, 8 in number, are between 2 and 20 pages. There's a list of instructions too
Section 54F permits investment of consideration in maximum two properties and not more.
The cash that one receives from friends as gift is considered as a part of income.
The taxman can come to different conclusions in different years on similar facts
There are a large number of advantages in being a consultant, but the paperwork is as complex.
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