Dear sir

I have ICICI Prudential Life Insurance (annual Premium for minimum 3 years ) and
Max New York Life Insurance (similar premium)

Are these fallen under 80C or 80D? I want
to avail benefit under 80D (minimum 15000)
which product I can choose?

Please suggest.

If anybody receives mediclaim insurance proceeds is the proceeds taxable or not taxable or exempt from tax? If it is exempt under which section of the Income tax act 1961?

Interest is paid on Car loan Whether FBT is applicable or not

Please advice me as early as possible

dear all,

A partnership firm having transport business gives one of property to his sister concern & charge rent per month which is exeeding 10 Lacs pa.my query is whether firm is required to registered in service tax because renting of property is not firm`s business,its not a normal business transaction.

as per definition of service as per my understanding service tax on renting of property is applicable only when renting of property is our regular business transaction.

pl let me clear fast



Thanks

dear all,

A partnership firm having transport business gives one of property to his sister concern & charge rent per month which is exeeding 10 Lacs pa.my query is whether firm is required to registered in service tax because renting of property is not firm`s business,its not a normal business transaction.

as per definition of service as per my understanding service tax on renting of property is applicable only when renting of property is our regular business transaction.

pl let me clear fast



Thanks

what is the vat rate on sand concrete.
If it is purchased from unregistered dealers then should it be taken into account in order to calculate output vat on contract.
Further, if purchases are made inter state, then should it be taken into account in order to calculate output vat on contract.
please ans.
It is realy urgent.

I have taken one domain address i.e web address at Rs. 1,30,000. This is one time settlement. No further charges were payable by me.
can we caspitalize the same or not?

Where it is written that the employer’s contribution in Recognised Provident Fund is not taxable upto 12% of Salary?

i am doing my article for the past 1 year. i wanted to know is it possible to work under another CA with out taking transfer with the mutual consent of both CA. even though they are not partners in the same Firm and have different firm of their own. please help

thanking you
yours faithfully
SAHIL

Dear Sir
My CTC includes Rs.1046 monthly Medical Allowance. I have incurred medical expenses of Rs.2170 during the period April 2008 to Jan 2009, certificate of all medical expenses are available.
According to my company they cannot give me the deduction as they have not paid my
medical expense.
In my opinion I can claim the deduction of medical expenses incurred by me against my total salary income as my CTC includes Medical Allowances.
If I can claim the deduction please provide me the section of Income tax Act which clarify this issue and if i am wrong plz guide me.