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Income Tax
by rajiv sharma on Feb 04, 2010 04:54 PM

More deductions under 80 C and housing loan interest should be provided to salaried people. The limit can be increased to Rs. 3 lacs.. these funds can in turn be used for infrastructure builiding. Government should also bring back the standard deduction which was provided salaried people as salaried people are one who suffer the most as they are not allowed any expenses to be adjusted against there salary income when compared to business people who evade taxes by booking ficitious expenses.

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