Tax FAQ
 

Whether Fashion Desiging Course Course Eligible For 80 E Deduction U/s Income Tax India?

Question by rajendra a | Posted in India


Answer: Go through the below details. If you order satisfies its requirements, then yes other wise no.

Education loans : First lesson

For which courses?
Read loans are available for all kinds of courses, at all levels, from kindergarten to doctorate focus be. However, for claiming a tax break, only loans taken for full-time studies in select courses be eligible. The graduate courses are engineering, medicine and management. The post-graduate courses are engineering,
 
 

India Tax Section 80 E - Foreign Studies?

Question by dinakar_aus | Posted in India

Am I allowed to remove tax on the basis of overseas educational loan from a bank based in india? This is in reference to portion 80 E tax deduction for studies. The information in 80 E doesnt specify whether it is peculiar or local studies but i would like to know whether it is mentioned in other tax rules in relevant to this. Thanks

Answer: I have visited many web sites for you. No one says lend taken for Indian education or overseas education. So, we have to understand that the benefit is readily obtainable without any restriction. I am giving a link for you. Go through the entire web page. It is all about education loan and about 80E. At one in order it is written like this:

" Education loans : First lesson

For which courses?
Bone up on loans are available for all kinds of courses, at

Related Topics:

Hybrid Tax Deduction
My Tax Rebate Check
Social Security Withholding Tax

 
 

I Am Providing IT Services To USA Company. Do I Need To Pay Service Tax In India?

Question by VYAS200 | Posted in India

I am providing IT services i.e. Website and software growth to USA company. Do i need to pay Service tax in India ?
I am paying income tax on receipts - expenses i.e. Obese Profits.
Also, do i essentially need any registration with IT Park to provide IT services surface india?

 
 

Is The Limit For Income Tax Rebate (in India) Still One Lakh This Year, I.e., In 2010-11?

Question by Manjit | Posted in India

It tempered to to be Rs 1 lakh in the years before;

Answer: yes it is one lac

Related Topics:

How To File Income Tax
Social Security Tax Cap
Copy Of Tax Returns

 
 

(Income Tax, India) When Does A Salaried Person File An ITR And For What FY?

Question by pratap | Posted in India

Hypothesize I am filing a ITR on 2-April-2005, would it be for the financial year (March 2004-April 2005)?
Be familiar with as, do we file ITR for a financial year that ended or the year that is coming?

I received a email from IT dept, India apropos not-receipt of my signed printout of e-ITR that I filed through internet. I couldn't help commentary warn a flaw (whether its a flaw or not depends on the answer to my question) that the ITR that I filed on 18-Aug-2010 was for the

Answer: Monetary year 2010-11 means period from April 1, 2010 to March 31, 2011. To all appearances, you can not file this return before April 2011.
Tax return for the assessment year 2010-11 refers to the reappear for the financial year 2009-10 (previous year).

Related Topics:

How To File Tax Extension
Social Security Tax Withholding
Gaap Accounting Tax

 

Securities and Insurance Laws (Amendment and Validation) Ordinance ...

by Pankaj Singla

An Ordinance further to emend the Spare Bank of India Act, 1934, the Indemnity Act, 1938, the Securities Contracts (Official) Act, 1956 and the Securities and Trade Take meals of India Act, 1992. After Chapter HID of the Hesitation Bank of India Act,  1934, the following Chapter shall be inserted, namely:—. CHAPTER II Addendum to the Fudging ready Bank of India Act, 1934. Promulgated by the President in the Sixty-first Year of the Republic of India. Insertion of new Chapter IIIE in Act 2 of 1934. Now, therefore, in effect of the powers conferred by clause (1) of article 123 of the Constitution, the President is happy to promulgate the following Ordinance:—. Whereas Parliament is not in meeting and the President is satisfied that circumstances continue which do it of the essence for her to take existing undertaking....

Read more...
© 2011 Tax FAQ