Tax free Income!!! Surprised??? Well, don’t be!!!! The Income Tax act also allows some incomes to be exempted, which will reduce your tax burden to a certain extent. This article will elaborate more on such tax free income, so that to aid your tax planning. 1. Agricultural Income Being primarily an agricultural economy, India still survives on agriculture. Income Tax Act, hence has...
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The budget, 2016 has brought a ray of hope for a better India tomorrow. This years budget has focused on major factors like agriculture, rural development, infrastructure and social security. Agriculture is the backbone of our country and its needs have to be looked after. One of the many good initiatives taken by the Govt. towards rural development is 100% village electrification. Roads and...