Income tax benifit on home loan has cap of 1.5L right now. I think this was decided long back when houses were not so expensive. Now in Gurgaon kind of place, prices are too high and we usually pay 2.5L or more as interest now. In my opinion, this cap should be increased to 3 Lac now.
Please enchance the 80c Benefit to Rs.150000.00 since this benfefit is not enough for the assessee. The Housing loan intrest is Remain the same. Short Term Capital Gain tobe around 10% tax for the coming year.
Please enchance the 80c Benefit to Rs.150000.00 since this benfefit is not enough for the assessee. The Housing loan intrest is Remain the same. Short Term Capital Gain tobe around 10% tax for the coming year.
Please enchance the 80c Benefit to Rs.150000.00 since this benfefit is not enough for the assessee. The Housing loan intrest is Remain the same. Short Term Capital Gain tobe around 10% tax for the coming year.
Pension of defence persons must be exempted from the purview of the tax. so that nation will provide concerned honour to ex-defence people who contributed their service and life towards nation.
At present interest on education loan up to Rs.40,000/- is deducted at source, but accrued interest on education loan is not deductable.Like interest onhousing loan, accrued interest on education loan should be deducted at source up to Rs. 75,000/-
To avail of maximum exemption to senior citizens above 65 years of age should be abolished and all senior retired citizens above 60 years of age should be given the same privilege and this time exemption limit for senior citizens should be raised to 3.50lacs as prices of essential commodities and veg and non veg items has gone manifold and for this senior citizens are really under tremendious pressure as they have very limited income either from interest or pension which is almost fixed. Honbl'e finance minister is requested to consider the matter with his sincere approach. thank you.
Re: Income tax
by vinod issar on Feb 09, 2010 05:01 PM Permalink
Senior citizen classification should be from 60yrs.,because a central govt. employee superannuates on attaining the age of 60yrs.
