if i spend around 1.5 lac on major illness like by pass surgery then will it comes under tax exemption?if it comes then this exemption can be claimed seperately from IT department or Employer can consider no to detucu TDS?please clarify
RE:shares
by Renu Mehta on Jan 19, 2007 03:23 PM
Yes it is If its short term capital gain( within year) then u have to pay 10% tax on ur booked profit and if this is long term capital gain (more then 1 year) then it is exempted.
RE:Rebate on loan
by Ambarish Vaidya on Jan 18, 2007 02:20 PM
Manish-
1.The interest will be taxable in the hands of the person who has offered you the loan. 2. If it is a house loan, then you will get relief only for principle repayment and not for the interest portion.
RE:Tax rebate ??
by chetna bansal on Jan 18, 2007 03:04 PM
Hi,
Tax rebate is available only after posession of the 'home', so I don't think the benefit would be available in your case. Please check with experts, nonetheless.
