"DEDUCTION U/S 80D MEDICLAIM POLICY” plus 1 more

"DEDUCTION U/S 80D MEDICLAIM POLICY” plus 1 more


DEDUCTION U/S 80D MEDICLAIM POLICY

Posted: 27 Jan 2011 06:21 PM PST


Deduction under section 80D is available for medical claim policy By individual for family and HUF for their members . Other details regarding 80D and medical insurance there under is given below Addition to section 80 C:Section 80D is available other than 100000 deduction available under 80C for life insurance,ppf,gpf,tuition fee,ULIP,House loan repayment etc. Insurer covered:This...

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GIFT BY NRI FEMA /RBI REGULATIONS

Posted: 27 Jan 2011 10:40 AM PST


Gift refers to the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person to another. It is very common for people to receive gifts from friends and relatives.However, one needs to be mindful of regulations governing gifts. Some of these are entailed below. 1. Gift of shares/securities:1.1. By NRs/NRIs/PIOs in favor of...

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