Exemption limits, standard deduction on radar, reveal Dilasha Seth and Indivjal Dhasmana. The tax simplification committee, chaired by Justice R V Easwar, is likely to touch upon restoration of standard deduction, reviewing of exemption limits and medical reimbursements for personal income tax in their report. The 10-member panel is likely to submit its report to the finance minister this week or early next week. The report might also have suggestions on the incorporation of masala bonds in the ... Rediff.com, 2 months ago
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