Dear All,
Kindly advice best possible investment plans for my husband whose tax liability is Rs 6,911/- for the year 2009-2010.e-mail me sanjaywiz @ gmail.com
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Tax Query
Replies (5)
He can invest under lic, nsc, ppf, mututal fund..under 80C upto 1 Lak, under 80 D 15k medical insurance..
As per the New CBDT Circular No 7/2009 dated 22.10.2009, income accuring or arising to non residents through or from business connections in india is taxable. So I want to know the rate at which TDS is to be deducted. secondly if DTAA exist between India and Australia what would be the rate?
what is the latest amendment in TDS for the F.Y. 2009-10, regarding the contractor (194c)
| Originally posted by :Balasubramanya | ||
| " | He can invest under lic, nsc, ppf, mututal fund..under 80C upto 1 Lak, under 80 D 15k medical insurance.. | " |
agree...
I think for your husband best investment will be in PPF compared to NSC or any other. PPF earns interest of 8.5% which is totally tax free. While NSC earns interest of only 8% from which you pay 30% tax
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