Maximum exemption on loss of housing property is Rs. 1.5 lakhs to my knowledge. But in the calculation it's shown as Rs. 3 lakhs. Can someone explain how this is possible?
Can anyone tell me whether as per new EET, PPF will be taxed at the time of retirement (death) or only if it is withdrawn in between ?? Please tell since I invest only in PPF as a saving
Re: EET
by asad hgjkf on Sep 04, 2009 10:22 AM
PPF withdrawals will be taxed whenever y0u withdraw the money, be it in between or after retirement/ death.
FM has made IT Act simplified, but not so simplified that it can give relief to tax payers, cunningly FM has befooled the people.From the last 60 years, tax is paid by tax payers and money is spent on poors and other non plan expenditures, whereas poors numbers have increased, how long this cycle will continue. Why Govt. is not equally keen to curb unwanted population as they are keen to collect taxes.
When he was India's Foreign Minister, he made the diplomatic world for Pakistan so hot that they were perpetually running for cover.
Remember, Sharam El Shariek happened after he left.
As Finance Minister, he is invisible, but slowly & silently hitting India's greatest generator of Black Money, the Real Estate Business, P. C.'s progeny.
If the tax incentive on housing loans is even reduced, far off withdrawn, the real estate prices will be back at 2005 levels in six months.
Re: Pranabda - The Silent Strong Man of India
by Manu Verma on Sep 02, 2009 10:23 AM
yes everyday he was making statements hall hoptions haar opein bee bill phigt terrour because of this Pakistan was running for cover, wetting its pants. grow up cowboy..
i know a lot of organizations that pay a part of your ctc as cash. and call it reimbursments. it not only helps the employee to escape tax but also helps the organization to drain its black money... so what ever happens Mr Tax Minister cant grab all the black money Bcoz 70% of this so called black money belongs to beucrats n politicians...
