Please explain in detail the criteria of lock in period to get exemption under section 80c of income tax. also tell the link of the literature where I can study in detail the guide lines from income tax or IRDA regarding lock in period to this tax exemption
My Question is: what are responsibiltes of Organizer/Host of such event. or is it all responsibilty of winner contestant to pay tax . What if contestant is student above 18 .
As per my understanding of Income Tax Rules, EPF withdrawals after 5 years of continued service with an employer are exempt from Income Tax. So in what section of the Income Tax form do you report the amount received.
A person sells a plot of vacant land, purchased over 3 years ago, and from the sale proceeds of the land, he proposes to purchase a flat so that he can avail exemption of long term capital gains tax under section 54F. However, if he already owns one previous flat(house property) can he still avail the tax exemption by purchasing a second house property? Is there any limit to the number of house properties one already owns, prior to the purchase of this new house property, in order to avail the tax exemption under discussion?
If no, does this mean that they do not have to pay any income tax at all on no matter how high an income they receive? This income could be for example from online companies such as SunBizTeam.
wat other options are available for tax exemption other than section 80c(upto 1 lakh).I have already have 1lakh exemption for LIC premium+housing loan premium(section 80c).What other options are available other than section 80C for tax exemption
I’ve made all possible investments, including the housing loan, etc.
Curious to know if there are any other means of savings tax over and above the eligible limits of 80 C and Housing loan benefits.
what comes under this.