Principal repayment not elegible for deduction under DTC

Where house property is purchased using loaned funds, the owner is eligible for a deduction of Rs. 1,00,000 towards repayment of the principal amount of the housing loan. This deduction is however, subject to an overall cap along with various other prescribed investments under Section 80C of the Act. It is important to note that this benefit is not envisaged under the provisions of the new Direct Tax Code that will come into effect from April 1, 2012.

   

   

The benefit of interest deductions continue to exist in the proposed new Direct Tax Code.

   

The new Direct Tax Code also provides for similar exemption in respect of long-term capital gains. 

In addition to the above, investment in a house property is also eligible for exemption from payment of capital gains subject to fulfilment of certain conditions. To avail this benefit, the taxpayer would have to invest/reinvest the capital gains for purchasing HP. Such exemption is available only if the capital gain is a long-term and arises due to transfer of any long-term capital asset.

   

AMD launched new powerfull Chips

Advanced Micro Devices (AMD) has unveiled the Made-in-India Ontario chip, the first in the Fusion family chips that is going to make small computing devices such as netbooks and tablets three times powerful than when they work on the chips made by its competitors.
Another variant of Ontario, Zacate, will power desktops and laptops, with higher horsepower to run applications. This also allows users to search for people in videos using their photos as filters.
Developed by a 86-member team in Hyderabad in two years, the new generation chip marries the power of central processing unit (CPU) and graphics processing unit (GPU), promising to change the way gamers play games and people who watch videos on computing devices. First shipments of netbooks embedded with the thumb-sized Ontario have been sent to markets by companies such as Acer, while others are on the way to change designs to suit the new chip.
Eagerly awaited by gizmo lovers and industry watchers across the globe, the chip is likely to make its presence felt in the total available market of 10 crore units a year to power a variety of digital devices.

Create online form and paste on your website

Create your online form and paste it on your website

http://www.emailmeform.com/