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Tag: Budget 2006

Budget 2006

Posted on February 4, 2006 by Vincent Augustine D'Souza

I expect the following in budget 2006: The budget shall be a surplus budget. Calendar year shall be Financial Year. Budget 2006 shall be for April — December 2006. There shall be uniformity in tax rates. Income tax exemption limit is Rs.1,00,000/- except for women which is Rs.1,25,000/- and senior citizens Rs.1,50,000/-. The exemption limit…

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