3 Years to be Counted w.r.t Monthly Investment under SIP

My question relates to ELSS . In case of SIP in ELSS, will each monthly investment be subject to lock-in of 3 years or...

Maximum Deduction of Expense on Cancer Patient is Rs 40000.

I am treating my 8 month old child for cancer. The treatment expences are running beyond 1 lakh rupees in this 05-06 financial...

Rs 2,50,000 deduction is possible on account of home loan!

I have a taken a home loan and a salaried employee.I understand max limit on deduction of home loan interest from gross salary is...

Deduction of Principal Allowed Even When Construction is not Completed!

I have a question about Home Loan Interest & Principal repayment.I took a home loan in Mid-2005 on an apartment which is under construction....

Dedcution u/s 80DD must be allowed for more than one dependent.

I have twin sons, both are suffering from cerebral palsy. I have obtained physical disability certificate showing more than 50% disability in each case....

Deduction u/s 80E is Unlimited

According to section 80E maximum how much amount can be taken as relaxtion for paying education loan.Thanks and RegardsRakeshFrom: rakesh.lenka@ge.comThere is no limit prescribed...

Liberary fee is no tution fee.

WIll the amount paid towards library fee, mess fee, room rent be eligible for deduction if it is given in the reciept apart from...

Prototypes Development Cost can be claimed as R&D cost u/s 35

Someone Asked on This BlogCan we consider prototype costs as R&D costs? If so, any guidelines as to how many initial productions we can...

No Refund of tax paid in other country.

Can the releif amount u/s 90/91 exceed the tax amount paid in INDIA?If we calculate the Releif as per lower average rate of Tax,...

Save tax on Rs one Lakh on fixed deposit ,Now.

Up to Rs 1lakh of deduction can be availed u/s 80 C of the I T Act on the fixed deposits made with any...
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