sir I have one balance sheet I am a commerse student and I am a businessmen I am practise income tax field. ITR4. some entry is very heard plzz help.
personal loan intrest will be
exampted 80c or not. personal vehicle loan interest is exalted or not. also I have received mediclam some of amount what's about calculation its effact 80D or not. 80D insuresce 15000 in this year
Personal loan interest or personal vehical loan interest is not deductible in 80C or even as business expenditures.
Medical insurance paid (15000) can be claimed u/s. 80D.
Receipts of the insurance claim are tax exempt.
CAclubindia
