I don't have any tax rebait plan, i have a reainted houe.
2007-08-27 16:42:07 · 6 answers · asked by lalit k 1 in Business & Finance ➔ Taxes ➔ India
If you do not want to invest in tax saving instruments then buy a property by availing bank loan. Rent you are paying and donations to certain institutions ( there are ceilings) mentioned in the Income tax Act, will reduce your tax burden
2007-08-30 01:27:23 · answer #1 · answered by Naren 3 · 0⤊ 0⤋
Invest in Public Provident Fund Scheme. What ever interest you get is tax free. Invest some amount in shares which give high returns. Donot sell them at least for 3 years.
2007-08-27 16:53:08 · answer #2 · answered by vinayak g 5 · 0⤊ 1⤋
will give u all the details if u can give the meaning of the few words used by u
1 what is i package
2. what is rebait
3. what is re ainted house, i have heard of a repainted house but never heard of reainted house.
2007-08-31 07:29:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Save upto Rs. 1,00,000 in ELSS, LIC, PPF , PF(your contribution) & give your rent reciept to your Accounts dept to save complete tax.
2007-08-27 23:47:13 · answer #4 · answered by Bharat 5 · 0⤊ 1⤋
Your best bet is to consult a Chartered Accountant, who is practising income tax.
2007-08-27 16:53:37 · answer #5 · answered by Anonymous · 0⤊ 1⤋
invest money in provident fund, NSC, PPF,LIC,etc.
2007-08-27 17:17:23 · answer #6 · answered by Rana 7 · 0⤊ 1⤋