This a a real bakwaas, waahiyaat, nonsense (aur sabd filhaal dimag mein nahi aa rahe) ARTICLE. Whoever the author may be should understand the basics and then write such articles.
REDIFF guys stop such peoples from writing such stupid articles.
The article is studipless with no meaning in it.There are many other provision for tax savings.What if a single individual is having a salary income Rs.13.10 lacs than in that case how the methodology works? Rediff kindly stop posting such meaningless articles.Before posting any articles on Income Tax saving kindly consult a practising CA thats the better way.
As I understand from the article,the earning male passes Rs 10.6 L to other three members as gifts & settlements.Is it really possible for a salaried person & if yes then how?
RE:RE:How to account for Gifts
by mridupawan sonowal on Jul 19, 2008 12:22 PM Permalink
I agree with Rahul badki. How is it possible for a salaried person to work out a ZERO TAX liability? Can the author explain to this point?
This quite rubbish and foolish idea the author has not considered what will happen if ony zerotaxwala earns 13.0 lakhs. In that case ZTW has to pay even for the gifts to wife son etc. shown by him.
