I have taken an house loan from HDFC in 2009-10 but the flat will be given posseion only in July 2010, although EMI has already commenced. Can I claim tax exemption in this year on the interest, though I have not got posseion of the flat. Construction is 80& through.
Whether any amendment has been made to income tax act for calculation of tax liability on gratuity amount exceeding rs. 3.5 lacs in view of recent amendment of ceiling of gratuity amount to PSU employees.
A Service provider charges Serv Tax to an exempted service (eg SEZ), whether the collected service tax should pay to the government or can us as Input credit. If there is any section or rules, kindly mention the rule and section.
I am working for a pvt company and having 4.5 lac/yr.There is no any source of oncome for me other then the service. Am suffering from Kidney failure and am on dialysis. am spending about 3.5lac/yr on my treatment. I get just Rs 50,000 as income tax exemption. could anyone guide how could I be exempted from Income tax
I am talking about the 1 lac limit which we can invest freely and get exemptions. since i am a novice i am not able to frame my question well, yet of there is any expert around please help me witht he same.
Out of the monthly salary received, some part is cut as employee’s contribution to PF. Is this amount exempted from tax? Or is it included in the standard deduction? On a related note, is ‘anything’ included in the standard deduction? Or standard deduction (of 1.1 lakh for males) is without any conditions?
Sir, recently by a settlement in the bank the employees and officers have returned back an huge amount through their arrears of the wages to credit the pension fund . I want tax exemption in the pension fund amount.Guide me.