Interested to Buy Any Domain ? << Click Here >> for more details...
ONE EMPLOYEE TAX CALCULATION: GIVE INVESTMENT OF HOUSEING
LOAN BUT HOUSEING LOAN TAKEN HIS BROTHER AND SECOND
APPLICANT THIS EMPOYEE SO, QUE ARRISE IF INVESTMENT
DOCUMENT OF LOAN TAKEN OR NOT....?
- 1 Answers
- 4594 Views
- INDUS, I also Faced
- E-Mail Answers
Answer Posted / alkesh
here employee can not claim for deduction u/s 80c for his
tax benefit as 80C available if n only if investment made
for himself, spouse, or children...
here second applicant is not important for tax benefit...
it is important only for discharging of liability in case
1st one makes default...
so in conclusion employee can not take the benefit of
deduction with base of loan document...the benefit can take
by his brother...
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?
what is form 8? what are all the details to be collected while buying c form
What are the deductions under salary head?
When and how Wct is applicable on Labour Job Work and what is the percentage?
Rules for filling Income Tax return for a MNC?
Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?
how to calculate vat, st, cst, excise duty, customs duty, tds.
Tell about dvat and dvat rate
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
How to calculate excise duty on mobile products?
Does the tax liability of an individual get affected due to his residential status? If yes, explain.
Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change
WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....
what is procedure of calculation of TDS by bank?
