Q.Mrs.Roshni receives FD interest of Rs.14500 in FY 2015-16.Can she claim deduction U/s 80 TTA?
Ans.No,since it is FD interest, Mrs.Roshni cannot claim deduction U/s 80 TTA.This deduction is available only on interest earned on … Read more
Your Queries
Q.Mr.Raj received a gift from a friend on the occasion of his marriage.Is it taxable?
Ans.No,a gift received from a friend on the occasion of marriage is not taxable in the hands of recipient.Hence,gift received … Read more
Q.What is the new service tax rate and from when it is applicable?
Ans.The new service tax rate @15% is applicable from 1st June 2016.This includes Service tax @ 14%, Swachh Bharat Cess … Read more
Q.How to invest to buy a car in next 3 years ?
Ans.Buying a car in the next 3 years, is basically a short term objective that can be achieved by investing … Read more