1. i have taken gold loan of 300000/-. is there any chance of getting any rebate from IT on principal or interst of it. 2. i have taken refinance on my old car of rs. 200000/- is there any chance of income tax saving on this issue. 3. i purchased a piece of land, i paid the stamp duty of allmost 10000/- is it rebatable in any of rule of income tax. 4. what is the current slab of ITax for woman and man for the assesment of TDS made in mar 2013.
Menu
Hello evry one
Replies (2)
1. interest cn b exempted if gold loan is used for business purpose.
2. interest cn b exempted if loan is used for business purpose.
3. when you sell the land, u can deduct selling expenses from your capital gain.
4. exempted slab rate for the men & women is Rs.2,00,000/-
How can U exempt an Expense..??
What can be exempt is only income and not Expneses..
Expeses are either deductable or not deductable
Here in the given Case, Interest on Gold loan is an Expense. So if Used for Business Purpose then can be deductable from Business Profit.
Recent Topics :
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
Related Topics :
CAclubindia
