Retrospective amendments are not unusual
PERSONAL INCOME TAX: Exemption for long-term infra bonds goes, MAT introduced for Rs 20 lakh and above
RAJIV GANDHI EQUITY SAVINGS SCHEME: First-time investors will get a 50% tax deduction for investments up to Rs 50, 000
BAGGAGE ALLOWANCE: Frequent travellers feel the Rs 10,000 increase is inadequate
INSURANCE: Till now, only premium on health insurance was allowed as a deduction under 80 D
TAX ASSESSMENT: Taxman may dig out 16-year-old cases