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Querist : Anonymous

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Querist : Anonymous (Querist)
03 April 2013 what is meaning of tax advantage fund.I have Purchase L&t tax advantage Fund 250000/-
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 July 2013 It means the Tax savings fund
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2013 It carry Next year or not
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2013 my mother start tution income which itr return they can file up
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 July 2013 1. It is only one year, in the year of purchase you can take deduction u/s.80C. not further years

2. If the tuition income is small amount, you can file ITR-1 as showing income from other sources
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 July 2013 ur mom should file itr1 and disclose income as income as income from other sources.

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