Sunset period,latest update to avail income tax relief under section 80 IB for starting an industry in a industrially backward districts.
I am Govt employee in Gujarat-India and my son is suffuring from Thalassemia Major. I have about 10000/- to 15000/- monthly expense for his medical treatment. My Company is recovering IT on my reimbursement above 40000/-. Thalassemia is one type of blood disorder and there is no cure treatment. Pl guide me what should I have to do to get tax benifits.
I have purchased a house on Sept’07. And I’m paying EMI for it since Oct’07… But, am yet to take the possession of the house.
Moreover, the property is located in a different city and I’m working in a different city.
Can I claim tax benifit on the interest on the home loan I’m paying?
I want to purchase a Galla (Shop). At present I am getting tax benefit on my home loan but it will be over by next year. Hence I have planned to go for a shop as my wife runs a jewelery business at home. My question is can I get the same benefit in income tax for loan on galla as I am getting for my home loan at present?
1. Rent paid by me & for the
2. Loan repayment for property that I currentlly dont reside in.
I m a Software Professional and want to take full advantage of Tax Deduction, plz let me know the details how to save the tax?
I need such mutual fund that can give me tax benifit without any locking period so that ican withdraw money any time for my urgent needs
Is there another way of investing that gives me freedom to withdraw money or take a loan on my investment But it must be tax saving investment
What is Tax Saving Schemes in a Mutual fund investment..? And how does it benifit for the investor..?