declining. I propose to allow a Rs 3 lakh limit for section 80 C savings - which includes PF, NSCs, PPF, insurance premia, etc. I now propose to bring principal and interest payments for home loans also under this section. Individuals can save or take tax benefits under any of these heads. This Rs 3 lakh
11.22 AM Jul 8th
of ITR-1. "This exempt income should meantax-free maturity proceeds of lifeinsurance policies, PPF, dividendincome and EPF withdrawals and soon. However, if you were to gostrictly by the wordings, you will have to include the basic allowancesthat form part of most salariedindividuals` packages
8.07 PM Jul 7th
You have to file form ITR 2. SB interest 4000 is tax free under section 80TTA. PPF interest Rs. 28,000 will be shown against INTEREST in schedule EI (Exempted Income). Long Term capital gains on equity oriented Mutual funds is also tax free and is to be shown in Schedule EI. Debt Mutual fund gains
10.36 AM Jul 7th
for ride..So,atleast u must try to be sincere to them..u shld not advocate ppl to sell PPF and invest whole money in the stock mkt...Stock mkt is all abt timing..when bidg players are offloading,TV and all newspapers are advocating to buy..Why???coz for the obvious reasons...
8.06 PM Jul 6th
Some people feel they have 20 lacs in PPF that will take care of their retirement, is it ? What if government reduces PPF rates to 7% in coming future ? I am not saying it will happen soon. But gradually it may happen and it will impact the full balance on your ppf account. Say for example if you
7.21 PM Jul 5th
, Incentives for small enterpreners, salaried middle class by raising Income tax Relief to 500000/ and abandon with Exemptions, Deductions, etc, without disturbing Insurance, PPF, EPF, Long Term Capital gains, Devidents, etc. Good Luck Fimanance Miniter, AND MY Dear Fellow Country Men. SC Lodha, Secunderabad.
5.14 PM Jun 5th