[ad_1] Restaurant owners have reiterated that it is not illegal to levy service charge by them and the amount of service charge is clearly mentioned on the menu card for the customers to make use of their choice before availing the services. He said the fee is for the benefit of the restaurant’s employees and acts as an incentive to motivate them. “On behalf of the entire restaurant industry, we have strongly reiterated all the facts to the Department of Consumer Affairs with evidence that levying service charges is neither…
Tag: benefit
How to avail Max Home Loan Tax Benefit in India in 2022?
[ad_1] The maximum home loan benefit that can be claimed as a deduction in India is as follows:- section deduction allowed allowed for section 24 Rupee. 2,00,000 interest repayment Section 80C Rupee. 1,50,000 principal repayment Section 80EEA Rupee. 1,50,000 interest repayment Thus, as is clear from the above table, deduction can be claimed for both interest and principal amount under various sections of the Income Tax Act. These sections along with the allowed deductions are discussed in detail in this article. Section 80C: Tax benefit on home loan (principal amount)…
‘Aap’s 300 units free electricity scheme will benefit 84 percent consumers’
[ad_1] Aam Aadmi Party (AAP) came to power in the recently held Punjab Assembly elections with a wave of support. At the heart of the party’s campaign for that election was a promise – to provide 300 units of electricity per month to every family free of cost if AAP comes to power. Voting is done, sources said, adding that officials in the government were now working overtime to ensure that the promise is fulfilled at the earliest, with some key announcements likely to be made on April 16, when…
STARTUPS U/S 54GB . tax benefit on investment in
[ad_1] STARTUPS U/S 54GB . Income Tax Benefit on Investment in Section 54GB of Income Tax Act Exemption on capital gains from sale of residential property if the proceeds are invested in equity shares of a startup firm. This exemption was created to provide assistance to an individual or HUF who wants to set up or start a business by selling residential property. The said income-tax provision under this section 54GB shall not apply to any transfer of residential property made after March 31, 22 modified by Central Board of…