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Relief to Ceratin section of the society
by kn srinivasan on Feb 09, 2010 10:48 AM   Permalink

1. THe Hospitalisation Insurance does not have Insurance cover for people above 80 or 85 years of age. Honestly teh Central Govt has given various benefits top Sr. Citizen but since Insurance company fails to cover these citizen I request the FM to allow Rs. 5.00 lakhs towards expenses to be deducted by the person spending the same.

2.The limit U/s 24 of the which allows deduction for borrowings should allow both the principal and dedcustion (instead of Principal u/s 80 C ) in computing Income under housr peoperty subject to a ceiling taht teh loss does not exceed Rs. 5.00 lakhs per year.

3. Similarly the FM must re-visit School fees which is now allowed under the overall Rs. 1.00 lakh limit U/s 80C of the IT Act. The FM wShould allow this as a seperate deduction without limits for 2 children.
3.Similarly people owing 2 cars or more as an individual or in case of an corporate ( Closely held) there should be a limit on cars. Otherwise a exepnditure tax should be invoked.
4.The CBDT Web site for answering on all matters more so on refunds needs to be having better speed etc., since as of now any one logging there will be given an ready made answer stating that teh volume is high or contact latter. A penalty clause should be imposed on the IT Departments as and when this site does not function all individulas , Corporate who so ever logged in should be compensated.
5. All It cases pending in Supreme court and awaiting judgements should be moved over to a seperate court.

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