Synopsis of Proposed amendments in Direct Tax in Budget 2014

| Last updated: 12 July 2014

Tax Benefits/ Exemptions to Individual/ HUF Basic Exemption Limit for FY 2014-15 is increased to Rs. 250000/- for individuals (whether male or female) below 60 years of age. For persons of 60 years or above, the basic exemption limit is raised to Rs. 300000/- Limit for Deduction u/s
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CA Rahul Jain

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