TAX-FREE INVESTMENT LIMIT MAY BE HIKED

Last updated: 12 October 2007

Individual tax payers may be in for some cheer. The tax-free investment limit for individuals may soon be hiked from the present Rs 1 lakh to Rs 1.5 lakh. The proposal that the government is deliberating has a condition though: the additional Rs 50,000 will have to be invested in infrastructure bond

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