jasjasika

The current Union Budget provides for tax rebates to each and every individual who is subjected to the payment of taxes in India, even those individuals whose income is more than Rs. 500,000. The earlier version of Section 88 of the Income Tax Act, 1961 did not allow any tax rebate to such individuals. Section 88 serves to abolish all tax rebates in India with regard to income from interests. The Union Budget provides tax rebates on a number of issues like rebate on the payment of premium on a medical insurance, or spending on the medical treatment of the tax payer or his family member, on the interest amount of a housing loan in case the specific house is used by the tax payer for residential purposes.

This is the land and property tax, it is only payable by the owner of the property and is payable by whoever owned the property on the 1st of January each year - so if for example you purchased a French property in February you may not receive the Taxe d'Habitation bill until the following year. If you are renting a property in France you are not liable to pay this Tax. The Taxe Foncieres is based on the rental value of the property as assumed by the local authority. Some new or newly restored properties are exempt from paying the Taxe Foncieres for the first two years.

Bank loans are extremely difficult to obtain and they are usually only given to businesses with outstanding credit and a proven track record. If local banks have determined you don't meet the five C's criteria or if they can't provide enough financing, there are probably non-bank sources in our directory who can. Due to the large number of non-bank lenders, it can seem like a daunting task to have to search through them and find the right one. Post edited by moderator.