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MoneyShakti News
September 1, 2008
ICICI bank is going slow on sanction of education loans
ICICI bank is going slow on sanction of education loans due to the various gaps in loan repayment. Currently, education loans are at an interest rate of 12 per cent.
Capital Gains in Case of Shares or any other security listed in a recognized Stock Exchange in India or units of UTI/ Mutual Fund will be treated as Short term..
Income from following sources received by an Individual / HUF is wholly exempt from Income Tax as specified in Section 10, 10A, 10AA, 10B & 10 BA of Income Tax Act,1961..
Capital Gain means any profits or gains arising from the transfer of a capital asset. The term Capital Asset means assets held by an assesse like house Property, Shares, Jewellery ..
Income Tax Act allows deductions from Gross Total Income of an Individual or HUF (Hindu Undivided Family), amount not exceeding Rs.100000/- in respect of amount ..
