For management study in OXFORD University loan was taken from Bank at USA (as banks in India did not grant loan for want of security like house property/land) for which interest is paid to such bank. Please let me know whether the amount of interest paid to such USA bank is deductible u/s 80E in computing the net taxable receipt ?
Hi I am an Indian resident. I was an employee of an IT firm in India for the past 3.5 years until i resigned shortly 2 weeks back as i would be going for higher studies a couple of months later. Mean time i would be preparing myself for the study and not to be engaged in earning. So i need to know do i need to pay the tax after i resigned from the company and the fact i am no more a salaried person. If yes what’s the structure like?
Hi, My name is Sunish and I have been investing for many years now. I know I have bought enough real estate to fund whatever I want to fund in my life but I have to send my child to Australia for further studies next year and I don’t know whether I should sell my property to fund his education or not. As real estate market is down I might not get the right valuation of my property, should I sell my property.
I have no problem in giving them collateral. But the rate of interest on the return amount has to be low? Please specify the bank name. I need around 20 lacs. Only serious answers please.
Anmol Jeevan proposal of my son who is of 24 yrs & doing higher studies- Ph.D is rejected. I could not understand the logic. He is doing higher study so naturally he is student with high age & not earning. Can anybody help to understand the logic of rejection. Thanks.