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In this article, I shall discuss the tax benefits available in respect of such loans.... Read More Analysis of NPS, ELSS, PPF Investment u/s. 80C of Income Tax. Tax Benefits on Home Loan By Taxguru Consultancy & Online Publication LLP. Buying a home is always a dream.
It needs to be well planned and then executed so as to make the most of it. In fact it is quite an important step in Financial Planning. Managing to buy a home out of once own savings seems a faraway dream even for high net worth individuals. There is always a case of savings falling short of the property value. Thus, Home Loan comes to the rescue! However, with the falling interest rate regime during the period from 1999 to 2006 and the introduction of tax benefits on the interest paid on housing loan and repayment of principal amount, taking a home loan is not only easy but also a favored option. Get Updates on Tax Deductions - Taxguru Consultancy & Online Publication LLP. Get Latest Income Tax News - Taxguru Consultancy & Online Publication LLP. Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc.
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The Board has been directing its affiliated schools to disburse salary to staff through bank transfers. Further, with a view to reduce cash transactions at school, all CBSE affiliated schools shall introduce fee collection from students only online or through non-cash mode from the next quarter commencing from January, 2017 onwards. The schools should also make all payments for availing various services, procurements, wages to contractual workers and other transactions etc in non-cash mode. (Joseph Emmanuel) Secretary 1. 2. 3. 4. 5. 6.
Food is now Printed in 3D - 3Dexter. One of the more interesting and new areas 3D printing is delving into is printed food. The prediction is that food printing kitchen appliances will one day be just as ubiquitous as the microwave oven is today. It is a rather bold claim, especially in light of the fact that food 3D printing is still in the very early stages and so far the general public hasn’t really been impressed. The industry has trying to make food 3D printers a thing for a few years now, and so far none of the handful of models that have been released have been able to set any sales records. Does it taste the same? One of the current drawbacks to food 3D printing is the actual food materials themselves; so far the technology is extrusion-based and limited to foods that can be made into a paste. Field Service Management Software, Support Staff Management Mobile App - MobiOcean.
3D Printed Prosthetics Developed at 3Dexter Laboratories. With technological evolution being the trend in recent times, nothing seems impossible. Every problem of mankind can be solved through technology. It has always existed to make things easier for us. One such amazing example is the development of 3D printed prosthetics. Our physical disabilities cannot be controlled, but technology can definitely make things better. There has been an increase in the number of children with congenital and traumatic body amputations or reductions. Advancements in computer-aided design (CAD) programs, additive manufacturing, and image editing software offer the possibility of designing, printing, and fitting prosthetic hands devices at a distance and at very low cost. Tax Deductions Under Section 80C and Tax Planning. CA Sandeep Kanoi Articles deals with deduction under Section 80C of the Income Tax Act and explains who is eligible for deduction, Eligible Investments, Limit for deduction, who can invest for whom and time period for investment.
Background for deduction under Section 80C of the Income Tax Act (India) / What are eligible investments for Section 80C: Section 80C replaces the Section 88 with more or less same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above Section 80C. The Maximum limit of deduction under section 80C is Rs 1.50 lakh from Financial year 2014-15 / Assessment Year 2015-16. Most of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. Besides these investments, the payments towards the principal amount of your home loan are also eligible for an income deduction.
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