Most people are aware that they can save tax under section 80C by investing in notified schemes such as PPF (Public Provident Fund), ELSS (Equity-linked saving scheme) or insurance. However, you should be aware that there are certain expenditures that are permitted under section 80C of the Income Tax Act, 1961 which can help you in saving tax too. If you have incurred any of the below mentioned expenses in the current financial year i.e. FY 2018-19, then you can claim deduction for it up to a maximum of Rs 1.5 lakh. If the expenditure incurred totals Rs 1.5 lakh or more, then you need not make any investment to fully use the section 80C tax saving limit. 1. Tuition fees of children Did you know that payments made by you as tuition fees for your children can be claimed as a deduction from your gross taxable income thereby reducing your tax payable? According to the Act, any tuition fees paid whether at the time of admission or thereafter to any university, college, school or other … [Read more...] about 4 expenses that can help you save tax under section 80C
Where is lowest property tax in usa
NEW DELHI (Reuters) - India’s cabinet on Wednesday approved a plan to sign an initial pact on intellectual property rights with the United States, a government minister said, days ahead of a visit by U.S. President Donald Trump. … [Read more...] about India clears accord on intellectual property rights with U.S.
“India’s direct tax-to-GDP ratio is among the lowest in the world,” said Dr. Ranade, participating in the panel discussion moderated by Raghavan Srinivasan, Editor, Business Line, on Saturday. “GST is a virtual admission of failure that we were unable to go for a progressive tax regime that includes higher direct taxes: About 70 % should come from direct tax. Indirect tax is regressive,” he added. … [Read more...] about The Huddle 2020 | Widening direct tax net should be key priority, say economists
"The tax incentives to own a home are baked into the overall value of homes in every state and territory across the country," said Elizabeth Mendenhall, president of the National Association of Realtors. "When those incentives are nullified in the way this bill provides, our estimates show that home values stand to fall by an average of more than 10 percent, and even greater in high-cost areas." … [Read more...] about Tax Plan Means Your Nevada Home Is Worth $28K Less: Realtors
Cubans carve out their own real estate in Havana Affordable housing Alamar, about 15 kilometers from central Havana, is a district where housing is cheaper. Often people sell their more expensive house in the center as a means to make money. Before 2012, Cubans could only swap their houses. The value that was set in the early years of the Revolution applied, so the contracts were worth less than $100. If sold, the referential value set by the government applies. … [Read more...] about New US policy on seized property in Cuba threatens EU ties
“NBC News reported on Sunday that Kerry ‘was overheard Sunday on the phone at a Des Moines hotel explaining what he would have to do to enter the presidential race amid “the possibility of Bernie Sanders taking down the Democratic Party — down whole,”‘” The Daily Wire also noted earlier this month. … [Read more...] about Top Pollster: Only 45% Of Americans Would Vote For A Socialist For President