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dr.goswami 01/04/2010 09:06:46 AM
Dear Sir,
I am retired university prof. I need some clarification regarding following queries :-
Retired employee, like me, gets 40% of basic pension pay of 10 years commuted and it is refunded in 180 installments. Now my question is whether an employee can avail IT benefits on repayment?
I will appreciate to get your response.
With regards
Prof. C.L.Goswami
nagarajan1970 12/19/2009 03:23:18 PM
im nagarajan
dharanikr_m 11/30/2009 04:23:22 PM
Hi,

I am earning 15,000 p.m and I want to invest in Gold ETF . Please let me know the best way or the best price to invest
kumar_2009 11/03/2009 06:44:24 PM
Is it good to get home loan form IDBI bank ? because my realestate person registered through IDBI.
dadhikary 10/30/2009 08:43:16 AM
to get 10L at 10Y,how much now i have to save
vaishdw2 10/27/2009 02:09:24 AM
VAISHDW2
rkk1967 08/29/2009 03:18:12 PM
yes
ladsm 07/13/2009 03:05:13 PM
Hi

I am staying in rented house in Gurgaon with rental pay of Rs 15000/- per month.

I have bought a small house in Gurgaon by availing home loan from private bank. I bought this house for investment purpose & I am receiving rent of Rs 7000/- per month as income.

Estimated interest on home loan availed will be Rs 1.35 lakhs for this year.

How will be my Income tax calcualtion in such case ?

Will it be benifical for me to shift in my house ?

Please advice me.
anbudaiyan 06/29/2009 12:05:00 PM
Can I take two Form-16s for filing I-T?

Dear Professional,

I thank you for the great work you are doing to all of us.

Please examine my situation. I was working in a company till Dec-2008. I joined on new company from Jan and have been working till now. My previous employer has issued a Form-16 upto Dec-2008. How should I collect the Form-16 from my current employer? Is there any related issued that needs to be taken care of? Please give your details advice and suggestions.

Thank you in advance.

Samuel
asheeshjoshi 02/27/2009 08:36:40 AM
Hi Ajay,

Are you paying any EMI towards the loans that you have taken for the said properties ? Only that can be claimed for IT tax benefit upto a limit of Rs 1,50,000/= per yr towards interest and Rs 1,00,000 per yr towards principal.

You have to ask your bank to give you the certifcate of interest and prinicpal that you pay yearly towards this housing loans. Jan/Feb of every year is a good time to ask for these certificates to submit with your income tax filing returns.

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