Section 78 of Direct Tax Code 2010 are equivalent to section 80DD. Section 78 provides deduction for expenditure and insurance on treatment , nursing and maintenance of disable dependant person.
How a new condition make you ineligible for claiming deduction u/s 78 (read 80DD) .
September 7, 2010 by
Can a second holder of the joint account claim deduction u/s 80C or 80CCF ?
August 14, 2010 by
Let us say you want to invest in tax saving fixed deposits which gives you deduction u/s 80C . Let us say , your wife is made first holder and you have given your name as second holder . The question comes , whether you can claim deduction for investment in such tax saving fixed...
Haryana waives off VAT on fish feed
April 21, 2010 by Leave a Comment
Chandigarh, Apr 13 : The Haryana government has waived off VAT on fish feed and fish meal, besides reducing electricity tariff for fisheries sector to Rupees 0.25 per unit as part of its plan to promote fish culture in the state on large scale
Why One Should Handle Transaction Exceeding Rs 20000 With Care.
July 4, 2007 by
The Income tax Act prohibits CASH transaction of Rs 20000 and more in two cases : While making business expenditure exceeding Rs 20,000 in CASH While receiving or repaying loan/deposit of Rs 20000 and more in CASH The first restriction is as per provision contained in Section 40A(3) which says that except in specific exception...
Monthly Subscription
Annual
Semi Annual Subscription
Quiz for CA/ICMA/CS Students