According to (Sec 17 (2)) ‘perquisite’ includes the following:
* The value of rent-free accommodation provided to the assessee by his employer;
* The value of any concession in the matter of rent with respect to any accommodation provided to the assessee by his employer;
* The value of any benefit or amenity granted or provided free [...]

Look for INSERT for AY 2007-08
As per Assessment Year 2006-07
* Investing in a senior citizen’s name can result for the higher tax exemption one enjoys.
* Certain investments offers higher return to senior citizens.
* Through gifts made to a senior citizen, investment can be made.
* Tax-free investments can be made in the name of any [...]

* Taxes in India are of two types, Direct Tax and Indirect Tax.
* Direct Tax, like income tax, wealth tax, etc. are those whose burden falls directly on the taxpayer.
* The burden of indirect taxes, like service tax, VAT, etc. can be passed on to a third party.
Income Tax is all income other than [...]

Self assessment
The assessee is required to make a self assessment and pay the tax on the basis of the returns furnished. Any tax paid by the assessee under self assessment is deemed to have been paid towards regular assessment.
Regular assessment
On the basis of thereturn of income chargeable to tax furnished by the assessee an [...]

Section 80C
Section 80L used to allow deduction of interest earned on, say, a National Savings Certificate or a bank deposit up to a limit of Rs 12,000. But now all these are gone .In their place has come Section 80C — “u/s 80CCC, & u/s 80CCD”, as the Finance Bill puts it. Thus, the [...]

Filing of Return – compulsory
One-by-Six Scheme
If a person is enjoying any of the following item, he/she has to file his/her return.
* Occupation of a House
* Ownership of a motor car
* Expenditure on foreign travel
* Holder of credit card
* Electricity payments in excess of Rs 50,000/annum
* Member of a club – where the entrance fee [...]

* Deduction of up to Rs 1 lakh on investments in specified instruments is available.
* All sectoral caps (except PPF) have been removed.
* The EET, if implemented, could impact small savings.
* ELSS provides the best hedge against inflation, besides tax brakes.
* PPF isn’t a strain on the pocket – invest as little as Rs [...]

Look for INSERT for AY 2007-08
As per Assessment Year 2006-07
* Investing in a senior citizen’s name can result for the higher tax exemption one enjoys.
* Certain investments offers higher return to senior citizens.
* Through gifts made to a senior citizen, investment can be made.
* Tax-free investments can be made in the name of any [...]