I would like to know wheather there is condition that to get 80 C investments/Expanditures should be out of assessee taxable income ?

Example: Suppose Mr. 'A' repay his housing loan principal to bank out of loan from another bank.As the condition is satisfied Repayment of principal of housing loan,can Mr.A take deduction of 80 C on such housing loan repayment.
As I did'nt found anywhere written that such repayment should be out of assessees income as was earlier in section 88.
Pls reply whether H/loan repayment to banking co.through another loan is eligible for 80 C deduction.
anooplines@yahoo.com

DEAR ALL,

can u pl clear my query with regards to using the CA INSTITUTE LOGO legally on my RESUME pertaning to interviews for Industrial Training.

If No, then under which provisions of statute m i disallowed to and pl give me the ref for the same.

if Yes, is it Implied that being a CA Fianl Student i can use it.

Thank U very Much in Advance !!!

Dear all,

Can any one let me know that
"if any one registered as dealer under Delhi Sales Tax on Work Contract Act, 1999. & has been allotted TAN but after introduction of DVAT Act. Should we apply for New TAN under DVAT or the same TAN allotted under Sales Tax on WCT Act applies.

Thanks

I am running a business of RCC labour work.
I have concrete plant,concrete mixture and concrete pump of my own.
Can i claim additional depreciation on above mentioned assets?

Dear Sir\Madam

Pls clarify my doubt

Whether interim dividend is allowed as expenditure and can dividend distribution tax paid be allowed as deduction ?

Are outdoor catering services provided at school will attract VAT & ST.

If yes then what rate?

Sir,

One of our employee has submitted a cyber receipt of FD with ABN AMRO Bank for 60 months.

This receipt nowhere mentions as Tax saver.

Please tell us Can this proof is admissible under section 80C.

Please reply urgent.

Subhash Jha

Dear Sir,

An individual resgined his employment and joined with a new employer. His place of new employment is different from that of his previous employment.

He availed housing loan and constructed a house at a place where he has been employed previously which was self occupied. The employee availed the benefit of set-off of the interest payment against his salary income.


The employee constructed a house at the new place by availing bank loan. The employee is wishing to avail the benefit of setting-off of the interest payment relating to the new house loan against his salary income. He also accepts to offer to tax the rent receipt of the old house.

Can he able to avail the benefit of interest on housing loan set-off relating to the new house? .

Kindly advise.

Regards,

Sundarajan

Dear members
My question is regarding whether interest accured on 6yr NSC per annum should be included u/s 80c for claiming tax benefit..

I HAVE A QUERY ABOUT WHAT IS THE DIFFERENCE BETWEEN THE CREDIT TAKEN AND UTILISED IN SERVICE TAX FORM ST-3.