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Monday, February 15, 2010

Mr. Sivaraman's Expectation From Budget 2010-11

Since introduction of 44AB and limit on cash payment in 1980s every thing has gone up multi times. Even the zero tax slab and tax savings have gone up many times. Cost of living has gone up and value of Rupee has come down. Hence the limit under 44AB & limit for cash exp may be increased at least 2.5 times that is 25L for profession, 100L for Business and 50K for cash.

From:
Sivaraman

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