I'm e filing my federal return. Do you know if IRS has published a calendar for direct depositing of funds?
Answers: Here is the actual calendar you're asking for:
http://www.irs.gov/pub/irs-pdf/p2043.pdf
it takes 9-14 days to get deposited in your account
What is the best way to plan Income-Tax saving in India for 2007-2008?
Answers: Invest 1 lakh in investments eligible as deduction u/s 80C. In this way you can save much of your tax depending on your tax slab.
http://www.rediff.com/getahead/2005/dec/...
If you buy a house or flat for residential purpose, then the interest you pay on that loan amount is eligible as deduction up to 1.5 lakhs per year. At the same time the housing loan principal amount which you repay to the housing loan company is eligible as deduction up to 1 lakh per year (This repayment comes under sec.80c)
I have registered a flat in Jan 2008, taken Loan on this flat, can i show my registration charges in IT Return
Answers: Yes. You can claim the same as deduction U/s 80C in your Income Tax Returns. (the flat registration charges).
Please note that the maximum claim for deductuon u/s 80c should not be more than 1 lakh. The actual amount of investments and expenses u/s 80c may be more than 1 lakh. But your claim for deduction is restristed to 1 lakh only.
hello,
I have registered a site in Dec 2007 and have paid registration charges of Rs.1.2 Lakhs. Can I show my registration charges in IT return and claim for benefit?
Thanks in advance,
Gangadhar