Hi Friends, one of my client aged 80 F has income from Interest (Interest on enhanced compensation) taxable U/H other sources. How can I reduce her tax liability after deduction of 50% under section 57.
Thanks in Advance
Anshul Agarwal (Student) (170 Points)
18 December 2012Hi Friends, one of my client aged 80 F has income from Interest (Interest on enhanced compensation) taxable U/H other sources. How can I reduce her tax liability after deduction of 50% under section 57.
Thanks in Advance
CA Aditya Lahoti
(Chartered Accountant)
(380 Points)
Replied 18 December 2012
ur assessee is already having exemption of Rs.5,00,000/- as she is in super senior citizen catagory...
satish kumar voleti
(A.C.A., (ICWAI))
(1686 Points)
Replied 18 December 2012
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 18 December 2012
/forum/deductions-under-chapter-via-of-income-tax-act-231661.asp#.UNAoWuRtiFA
Well...!! the above post of vaibhav woudld surely help u a lot so have a look at it....