Is Distance Education eligible for deduction

Does a Distance learning course of Management via satellite also qualify for the aforesaid deduction? Rajesh ,Hyderabad
Is the tuition fees for M.B.A (Distance Education) paid for self is allowable for deduction u/s 80C of the Income Tax Act . Prem Kumar,Chennai
Do distance education fees gets IT exemption ? Ganesh R ,Banglore
Income tax Act provides two [...]

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Why is pension fund investment not a Great TAX saving

Under which section surrender value of pension plan is taxable ? Sanjay Chavan, Pune
The contribution in pension funds gives the investor deduction u/s 80CCC upto Rs 1,00,000 . However,the combined deduction under 80CCC + 80C + 80CCD is Rs 1,00,000.
Why is it not great tax saving ?
The scheme of pension funds of LIC or other [...]

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Holi

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6th Pay Commission: Brief Summary of the main recommendations

Date of implementation:   Revised pay scales to implemented retrospectively from January 1, 2006. Allowances to be paid prospectively.
 Running Pay Bands :Introduction of four distinct running pay bands- one running band each for all categories of employees in groups ‘B’ and ‘C’ and 2 running pay bands for Group A posts.  Every post have a distinct [...]

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What you can do with your pen drive

If you’ve got a USB Pen Drive, you can use it for a variety of things, that includes adding portable apps and lots more.

But, your Pen Drive can serve some interesting purposes as well – some you wouldn’t have imagined about. Put it to some good use, here’s a quick list of what you can [...]

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SOME MAGICAL FACTS ABOUT WINDOWS!!

1. Did you know that, we cannot create a folder named “CON” in Windows? Just try it out and see,if you can.
2. Open a new file in Microsoft Notepad. Type in “Bush hid the facts” ( minus the quotes) and save the file with any name. Close it and reopen to see the magic.
3.Open a [...]

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Financial Mistakes We Make

Big losses? Think market crash, companies going bankrupt, bank robbery…think financial mistakes. Yes. Investor mistakes stack up to cost much more than you think. And we aren’t even talking about the more complicated equity-related ones like mis-timing the markets.Committed out of ignorance, inertia, laziness or confusion, these mistakes can add up to a fortune over [...]

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Boiling Milk

Food price inflation, which is in the headline these days, is generally associated with rising prices of food grains and vegetables. But these prices are cyclical—they rise and they fall. But one food item, the price of which has risen steadily over the years, is milk. Here is by how much:
Then: A litre of full-cream [...]

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Bargain buy: Refrigerator

Price is not the same as value.The most expensive product isn’t always the best value for your money. This section highlights the least expensive model in a product category. If price is of no consequence, check out the most expensive model.
Value pick

Whirlpool Genius Supreme
Price – Rs 8,050
Features – 180 litre capacity, semi-automatic, single door with [...]

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Hidden Costs of Home Loan

1. Interest before EMI starts
You repay loan in equated monthly instalments (EMIs)
But there is often a gap between the date of loan disbursement and the date on which the first EMI begins
You are charged an interest on the loan amount for this period
2. Processing fee waiver
All housing finance companies (HFCs) charge a processing fee of [...]

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How to Lift Your Mood

1 Sit in silence and count backward from 300. That’s a fi ve-minute chunk of life gone to the gods, buddy. Do you miss it? Good. Now you see that killing time is a subtle form of suicide.
2  Lunching at the desk does not mean putting yourself outside a large bag of chips, followed by [...]

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Test your BRAIN POWER

 

Win this mind game. As quickly as you can, say aloud the colour you see, not the word that’s spelled out, at left. This exercise, called the Stroop Task, is used by doctors to evaluate Alzheimer’s patients, stroke victims and people with attention-defi cit/hyperactivity disorders. It can also help predict your risk of stroke. We [...]

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IS painting gifted by Father-In- Law taxable on sale?

Sir, my father in law is a renowned painter and he gifted me some painting at the time of my marriage around 9 years back.. though no paper work for the same was done for the same at that time… though he is still alive and can give me the same in writing. This year [...]

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Can Bank deduct TDS on FD interest of Educational Trust registered u/s 12AA.

I am a trustee of an educational Trust. The Trust is registered u/s 12AA. Should the banks deduct TDS on our FD interest?
Yes, the Bank is correct to deduct the tax at source even though you are registered u/s 12AA . The bank is only doing their duty and they can not take the role [...]

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Protected: EXCLUSIVE VIDEO -Wills Life Style India Fashion Week Wardrobe Malfunction VIDEO

There is no excerpt because this is a protected post.

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