The limit has to be raisen to Rs. 2 lakh , and also the interest paid to any bank on account of purchasing of any thing including the personnel loanes shall be excemted from the Income Tax. This would make the citizen to draw tthe loans as well , the bankers would get quite good amount of revenew,
The GDP level of the country will drastically shootup .
RE:Tax excemption
by Srikanth Vadali on Feb 20, 2007 03:34 PM Permalink
i am sorry my friend as usual he is not in India so can't convey him the message. As ususal these politicians have made a habit of escaping from responsibilitites. When there is a need for him to workout, he just left the job to his colleagues. i adont appreciate this.
