Other instruments which gets tax exemption

Posted on July 26, 2008. Filed under: ooolalah tax saver | Tags: income tax, income tax deduction, income tax deductions, income tax information, income tax preparation, income tax return, tax advice, tax avoidance, tax deduction, tax saving |

Other instruments which gets tax exemption
Cash gifts:
Cash gifts received from specified relatives are exempt from income tax, and there is no upper limit also. Similarly, cash gifts of any amount and from anyone received during your child birth, marriage or any other specified event are totally tax-free.
However, if you receive a cash gift of more [...]