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Section88 is removed in the new IT rules
by Nag on Sep 07, 2005 08:46 PM  Permalink 

Hi,

It states in this message that we can invest in sectin 88 and till get a rebate.

But 2005-06 budget (IT) has changed it all . No section 88 from now

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Assurance of article, PPF info
by Adhyas Avasthi on Sep 06, 2005 09:47 AM  Permalink  | Hide replies

I am not sure about the information mentioned in this article. It would be great if the author can provide certain links or references for me to go and verify his statements.

Also, are the returns from PPF also taxed? Why does this extra income rule hold for NSC etc only and not PPF?

Regards,
Adhyas

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RE:Assurance of article, PPF info
by amit on Sep 09, 2005 10:36 AM  Permalink
Principal amount paid in a home loan will get deducted from Rs 100,000 but what about the interest paid on the home loan.
Author needs to clarify the same too.



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