Got a gift from a relative? No tax on it
Rediff.com27 Sep 2007

Under the provisions of Section 56(2)(vi) certain gifts are liable to income tax as...

Zero tax on income of Rs 11.20 lakh?
Rediff.com11 May 2007

There will be zero Income Tax on income of Rs. 11.20 lakh (Rs 1.12 million)....

All these incomes are tax-free for FY 2007-08
Rediff.com20 Apr 2007

Here are some of the important items of income, which are fully exempt from income tax...