News Snippets

IT deductions: HRA and interest benefits
... An amount equal: a) Where accommodation is situated in Mumbai, Calcutta, Delhi or Chennai, 50 percent of salary in the relevant period. ...  There is nothing in the provisions which restricts claiming of exemption on HRA as well as deduction on interest paid for a housing loan.

Hundred movies in one DVD?
... for packing one hundred movies in one DVD is not there yet, but a Singapore company, listed in Australia but doing development work in Chennai, is almost there ...