HRA and Home Loan Queries : How Tax benefits work

1: You live in your own house You have taken a home loan and residing in the house purchased with it. Since you are residing in your own house, you will not be able to claim HRA. However, you will be able to claim tax benefits on both the principal and interest repaid on the home loan.

2: You own a house in another city
This situation was the one faced by Ajit. He resided in Mumbai but had bought an apartment in Chennai taking a home loan. Ajit will be entitled to HRA exemption and tax benefits on both, the principal and interest repaid on the home loan.

3: Your house cannot be occupied at this point (e.g. under construction)
You have bought a house in Mumbai taking a home loan and you're currently living in Mumbai in a rented apartment because the house is under construction. In such a case, you are eligible to claim HRA.
In the case of tax breaks on the home loan, you can claim tax benefits only for your principal before the completion of your house. Once your house is completed, you can claim tax benefits on the total interest paid up to the date of completion in five equal installments in five years beginning from the year of completion.

4: You have a house which is ready for occupation but you cannot reside in it
You have bought a house in Delhi taking a home loan and now you aren't residing in it but are living in a rented apartment in Delhi itself for genuine reasons e.g. the house that you have bought is far away from your office. In such cases, the Income tax act permits the individual to claim HRA and home loan benefits which includes both principal and interest repaid on the home loan.

Also, please note that if your house remains vacant, then you will still need to pay tax on a notional rent income.

5: You have rented your own house and currently residing in a rented house
You took a home loan and your house is now ready for occupation. You have rented the same out while you reside in a rented house. The Income Tax Act allows you to claim both HRA and home loan benefits.

However, in such a case, since you are the recipient of rent because you have let out your own house, that income is taxable at your hands

Clothing Care Symbols

Clothing Care Symbols

 

Clothing Care Symbols - Machine Wash, Dryer , Iron , Bleach , Dry , Dry Clean

Refer above for Clothing Care Symbols - Machine Wash, Dryer , Iron , Bleach , Dry , Dry Clean

Meaning of Delusional Optimism

Delusional Optimism 

Reading self help books, getting very enthusiastic, thinking your life will change, but not doing the exercises.

Reading articles online, getting enthusiastic, thinking your life will be great, but not taking the action

KBC 7 – Kaun Banega Crorepati 2013 Registration Process

You can register by answering the on-air question through an SMS
or by calling on the IVR number. The operator wise registration details
of the numbers to be dialled for IVR and short code for sending SMS
with the answer options are listed below:

	SMS	IVR
Operator	Number	Number	Answer option
Idea	554567	55456	01, 02, 03, 04
BSNL Landline	NA	5052525	01, 02, 03, 04
Others	5252525	NA	NA

*BSNL Haryana, Rajasthan and Punjab landline subscribers can call 12555 01/02/03/04

SMS

Subscribers of all operators can send in their SMSs to 5252525.
If you are an Idea subscriber, you can also send in your SMS to 554567.

All registration through SMSs need to be in the following format:
"KBC<space><A/B/C/D><space><Age in completed years as on 25-May 2013><space><Gender M/F>".
e.g.: If the correct answer to the question aired is "A" according to you, you are 21 years and 10 months old and are a male; you are required to send "KBC A 21 M".

During the Idea Round, the subscribers of the telecom partner are required to send SMSs in the following format:
"KBC<space><A/B/C/D)>"
e.g.: If the correct answer to the question aired is "A" according to you, you are required to send "KBC A".

IVR

Idea subscribers can call on 55456 01-04 (for the respective answer option).
For e.g.
If your answer is Option A, call on 55456 01
If your answer is Option B, call on 55456 02
If your answer is Option C, call on 55456 03
If your answer is Option D, call on 55456 04

BSNL landline subscribers can call on 5052525 01–04 (for the respective answer option).
For e.g.
If your answer is Option A, call on 5052525 01
If your answer is Option B, call on 5052525 01
If your answer is Option C, call on 5052525 03
If your answer is Option D, call on 5052525 04

BSNL landline subscribers in Haryana, Rajasthan & Punjab can call on 12555 01–04 (for the respective answer option).
For e.g.
If your answer is Option A, call on 12555 01
If your answer is Option B, call on 12555 01
If your answer is Option C, call on 12555 03
If your answer is Option D, call on 12555 04

Subscribers of all other operators will require to send in their registrations via SMS only.

What will it cost me to call or send an SMS?

SMS: Every SMS sent to the registration numbers will be charged as below.
• Upto Rs.5/- per SMS - 5252525* (Subscribers**)
• Upto Rs.5/- per SMS – 554567* (IDEA Subscribers)

** Airtel/Aircel/BSNL/TataDocomo/TataIndicom/Idea/MTNL Mumbai /Reliance/Uninor/Vodafone, Virgin Mobile
SMS's sent in the wrong format or with the incorrect answer are also chargeable.

*Available only on select Operators/Circles. Terms & Conditions on www.kbcsony.com
* Roaming charges will be levied by your operator as applicable

IVR: All calls made to the registration numbers will be charged as below.
• Upto Rs.5/- per minute – 55456 (IDEA Subscribers*)
• Calls charged at 20 second pulse rate. Re.1.20**/pulse – 5052525** (BSNL Landline Subscribers)
• Calls charged at 20 second pulse rate. Re.1.20***/pulse – 12555***

* Available only for IDEA mobile subscribers. T&Cs on www.kbcsony.com

** Available only for BSNL landline subscribers in select circles. T&Cs on www.kbcsony.com

*** Available only for BSNL landline subscribers in Haryana, Rajasthan & Punjab. T&Cs on www.kbcsony.com

Roaming charges will be levied by your operator as applicable

Rates subject to change due to recent TRAI regulations.
Please check the rates with your telecom service provider.

KAUN BANEGA CROREPATI 7 : Registration Question & Answer 1 Jun 2013

KAUN BANEGA CROREPATI 7 : Registration Question & Answer 1 June 2013



KAUN BANEGA CROREPATI 7 : Registration Question & Answer 1 Jun 2013



There is a separate Union Ministry in India related to which of these resources?

A. Gold

B. Iron Ore

C. Bauxite

D. Coal

Correct Answer: D. Coal

Lines open till 2nd Jun 2013 8.30pm

Click here to know how to Register for KBC 7

KAUN BANEGA CROREPATI 7 : Registration Question & Answer 30 May 2013

Today's Question

Who has been conferred the Dadasaheb Phalke Award in 2013?

A. Shashi Kapoor

B. Danny Denzongpa

C. Pran

D. Shamshad Begum

Register now

Answer C : Pran

Lines open till tomorrow 8.30pm

KBC 7 : Registration Question on May 29, 2013

KBC 7 : Registration Question on May 29, 2013

KBC 7 Today's Question

Question: Which of these is the highest gallantry award given by the Indian Government?

                

                  A. Shaurya Chakra

                  B. Mahavir Chakra

                  C. Param Vir Chakra

                  D. Kirti Chakra

Answer: C. Param Vir Chakra

You can register by answering the on-air question through an SMS
or by calling on the IVR number. The operator wise registration details
of the numbers to be dialled for IVR and short code for sending SMS
with the answer options are listed below:

	SMS	IVR
Operator	Number	Number	Answer option
Idea	554567	55456	01, 02, 03, 04
BSNL Landline	NA	5052525	01, 02, 03, 04
Others	5252525	NA	NA

*BSNL Haryana, Rajasthan and Punjab landline subscribers can call 12555 01/02/03/04

SMS

Subscribers of all operators can send in their SMSs to 5252525.
If you are an Idea subscriber, you can also send in your SMS to 554567.

All registration through SMSs need to be in the following format:
"KBC<space><A/B/C/D><space><Age in completed years as on 25-May 2013><space><Gender M/F>".
e.g.: If the correct answer to the question aired is "A" according to you, you are 21 years and 10 months old and are a male; you are required to send "KBC A 21 M".

During the Idea Round, the subscribers of the telecom partner are required to send SMSs in the following format:
"KBC<space><A/B/C/D)>"
e.g.: If the correct answer to the question aired is "A" according to you, you are required to send "KBC A".

IVR

Idea subscribers can call on 55456 01-04 (for the respective answer option).
For e.g.
If your answer is Option A, call on 55456 01
If your answer is Option B, call on 55456 02
If your answer is Option C, call on 55456 03
If your answer is Option D, call on 55456 04

BSNL landline subscribers can call on 5052525 01–04 (for the respective answer option).
For e.g.
If your answer is Option A, call on 5052525 01
If your answer is Option B, call on 5052525 01
If your answer is Option C, call on 5052525 03
If your answer is Option D, call on 5052525 04

BSNL landline subscribers in Haryana, Rajasthan & Punjab can call on 12555 01–04 (for the respective answer option).
For e.g.
If your answer is Option A, call on 12555 01
If your answer is Option B, call on 12555 01
If your answer is Option C, call on 12555 03
If your answer is Option D, call on 12555 04

Subscribers of all other operators will require to send in their registrations via SMS only.

What will it cost me to call or send an SMS?

SMS: Every SMS sent to the registration numbers will be charged as below.
• Upto Rs.5/- per SMS - 5252525* (Subscribers**)
• Upto Rs.5/- per SMS – 554567* (IDEA Subscribers)