Don't Worry , Be Happy !
Capital gain tax exemption is now a bit more easier ! Under Income tax law , a tax payer can save on capital gain tax on sale of a long term capital asset by claiming exemption provided u/s 54 or section 54F or 54EC of Income Tax Act . Readers may also note earlier posting...
The Reserve Bank of India , has allowed , now ,resident individuals permission to repay loans availed of from banks in Rupees in India by their NRI close relatives as defined under section 6 of the Companies Act.Read this for knowing meaning of close relative of the resident individual as defined in Section 6 of...
RBI’s new directive to put an end to pre-payment penalty charges in case of floating rate loans for homes and cars has been welcomed by lakhs of customers who want to pre-pay their loans, but are forced to pay pre-payment charges as high as 3% of the outstanding loan at the time of closure of [...]
There’s good news for those looking forward in investing in a home that cost of which does not exceed Rs 25 lakh. Finance Minister Pranab Mukherjee announced today in his Budget speech that in order to stimulate growth in the housing sector he is “further liberalising the existing scheme of interest subvention on 1 per [...]
Section 80C of the I T Act allows deduction of principal amount of loan borrowed for the purpose of home construction. Mehboob of Jammu Kashmir asks a different question regarding allow ability of deduction on principal payment .Here is his question “I have take a consumption loan from Jammu and Kashmir bank for house repairs.Is...
Disability deduction u/s. 80DD of the I.T Act for expenses on maintenance ,nursing or medical … [Read More...]
A video reports on tax planning by US based corporate to shift their office elsewhere in other … [Read More...]
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