i'm running the club of snooker. i have paid my income tax for the year 2009-10. with income of 1,85,000/- in it files. in this year i want to show my income up to 2,10,000/- but i have no investment in this current year. i have medical bills of my 2 daughters of illness. is their any clause to get rebate in income tax. pl. advice me how to reduce my tax liability in this year
22 June 2010
three are 2 ways either reduce your income or show excess expenses. you can save taxes by claiming exemption of depreciation on cpaital asset, rent of property, office expense, mobile bills etc
CAclubindia
