Hi Vikas, I am saving about 1lakh in Insurance and Tax saving bonds and I am availing tax benefit of 1 Lakh. Is there any way to save further tax? Thanks, Satish
See is contradiction in the tax expert’s 2 statements which I have copied below.
Anurag asked, Hi Vikas, Is there any way to take a benefit of Home Loan and HRA, if you bought a flat in the same city but not residing in the same flat? Vikas Gandhi answers, No. In the given situation, you cannot claim both the benefits together.
srikanth asked, Hi vikas, I got a loan for my house and gave it for rent for last 2 years. I stayed in a rented house 6 kms away.Now i am planning to move to my house.what changes will happen to avail tax beneits in my HRA , interest ,principal paid to the bank? Vikas Gandhi answers, As a result of this change, you will now lose the tax benefit of HRA. Till date you were able to claim both the benefit as the house you owned was rented out. But now since you yourself will be occupying the house, you can claim only interest paid benefit.
If the expert himself is so confused about his views then how is he giving advice to others.
Re: Contradiction in Vikas statements
by Almighty on Jun 22, 2009 02:55 PM
the expert is right. he said u can claim only one benefit. either hra or home loan interest deduction.
whole business is run on verbal and dublicate bill, who is going to pay taxes, whole dept of tax , laywer are corrupt to hilt,,who will teach them law of accountibility and discilpine and fear of law,,
Re: india need system of excellence and accountiblity,,
by Vikas Vadgama on Jun 30, 2009 03:36 PM
The Tax Officers themselves do not pay taxes regularly. And are the ones having maximum black money.
india is country of greatest loopholes , greatest corrupt deptt is tax dept,and great mediator are laywers,,india so long remained systemless, guideless,indisciplined,majority of rich will never pay tax and let this country aplace to live ,,politiicna need money comes from bureacrate who implementlaw and define according to greesing of palm,, whole india is mess,,
Re: best way to bribe tax official and hire more corrupt lawyer
by Vikas Vadgama on Jun 30, 2009 03:37 PM
Corruption brought in India by Indira Gandhi and carreid forward by Rajiv till it was in the root of the country. They are the ones who made the sufferings for Aam Admi. I hate this Gandhi family becuase of this.
