Interested to Buy Any Domain ? << Click Here >> for more details...
My question is that if only 20% amount of lic is elgible in
one financial year for tax exemption, than one time
instalment in lic is elgible for tax exemption ?. for
suppose i invest 25000 Rs. only one time in lic.pls. tell
me it is elgible or not.
- 2 Answers
- 4988 Views
- I also Faced
- E-Mail Answers
Answer Posted / amit kumar
See my friend exemption is only 20% for the complete
installment for the year but it cannot exceed Rs-12,000/
if the amount exceed this amount than exceeding amount is
not liable to reduce the tax liability
| Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?
I have working with Rs.180000/- I want fill up itr 1st time What is process.
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
what Is the ITc Claimed. how to utilized the ITC.
witch taxes are calculate in CENVAT for Gold ornaments ?
how we can access the Tax Deduction through PAN ?.
what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount
what is the significance of business taxation in private company?
I want to do correspondence course related for taxation, where I can learn income tax, service tax, sales tax etc. Any one can suggest from which university can I do and name of the course also.
If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?
In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap
