income tax deduction on education loan?
The question
I had taken education loan from Credila of Rs.6 lakh last year on which I am paying interest only since June, 2010. This will continue till June, 2012. After that, I will have to repay EMIs including principal and interest.I have not claimed any IT relief so far. Please advise what documents are required by me for getting tax relief for 2010-11 and 2011-12 from Credila and whether these are required to be submitted to IT Department direct or to my offce. What are other supplies? Also, can I get tax relief for payment of interest during 2010-11, and if so, what is to be done.
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If Palin runs against Obama in 2012 will she win?
The question
here is a list of what Obama has done manypeople don’t know he has done anything
Arts and Culture
Funded the National Endowment for the Arts (NEA) at the highest level since 1992. ref, ref, ref, ref
Made an artist corps for public schools. ref
Championed the importance of arts education. ref
Promoted cultural diplomacy. ref
Banking and Financial Reform
The Credit Card Answerability, Dependability and Disclosure Act. ref, ref
Managed the Troubled Asset Relief Plot (TARP) ref; (Banks have repaid 75%, bringing the cost down to $ 89B.) ref
Played a lead role in G-20 Summit, which produced a $ 1.1 trillion deal to combat the global financial crisis. ref
The Restoring American Financial Stability Act of 2010. ref, ref
The Fraud Enforcement and Recovery Act. ref, ref
Customary the National Commission on Fiscal Dependability and Reform. ref1,
Closed offshore tax safe havens, tax credit loopholes. ref, ref, ref
Reformed Deferral Rules to curb tax advantages for investing overseas. ref
Everlastingly extended Research and Experimentation Tax Credit for domestic funds. ref
Customary new Off-shore investment policy, which promotes in-sourcing. ref, ref
Reformed credit card swipe fees (via Amendment to H.R. 4173 – Sec. 1079) ref
New criminal penalties for mortgage fraud. ref
Negotiated deal with Swiss banks to permit US government to gain access to records of tax evaders and criminals. ref
Congress investigated Goldman Sachs for its role in subprime mortgage meltdown. ref
(U.S.) charges Goldman with subprime fraud. ref
(Treasury Department) Sold 1.5 billion shares of Citigroup at a profit. ref
(Pay Czar) Cut salaries for 65 bailout executives. ref
Issued compensation guidelines for bank executive salary and bonuses ref, ref
The largest financial reform law since the Fantastic Depression ref
Civil Rights
This category is still under construction. Many items that will be included in it are already embedded in Humanitarianism, and other overlapping categories.
Commerce, Trade & Communications
Expanded loan programs for small businesses. ref
The Small Business Act and the Small Business Investment Act. ref
The Credit CARD Technical Corrections Act of 2009. ref
Webcaster Settlement Act of 2009. ref
The Satellite Television Extension Act of 2010.ref
Customary a credit card bill of rights. ref
Launched the National Export Initiative, with the goal of doubling US exports by 2015. ref, ref
Appointed the nation’s first Chief Technology Officer. ref
Launched piracy crackdown. ref
Promoted Internet Freedom as Part Of U.S. Foreign Policy. ref, ref, ref
Denied Federal contracts to tax delinquents. ref
(Senate Panel) Passed tougher rules on derivatives. ref
(Democrats) Unveiled Citizens United response bill. ref, ref ^roytoric
Proposed tougher meat industry antitrust rules. ref, ref
Economy, Employment and Labor
The American Recovery and Reinvestment Act of 2009 (ARRA): A $ 789 billion economic stimulus plot. ref
Assigned a Special Inspector General for the Troubled Asset Relief Program Act of 2009 . ref
Unveiled 33 Billion-dollar jobs package. ref, ref
Provided $ 5,000 tax credit for every new worker. ref
Provided a US Auto industry rescue plot. ref, ref
(HHS) Provided New Health IT Workforce Grants (under ARRA). ref
The Credit Card Answerability, Dependability, and Disclosure Act. ref
The Jobs for Main Street Act (2010). ref
Customary President’s Advisory Council on Financial Capability to help in financial education for all Americans. ref, ref, ref
The Worker, Homeownership, and Business Help Act of 2009. ref
Customary FERA. ref
Customary the National Export Initiative ref
A temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958. ref
The American Jobs and Closing Tax Loopholes Act of 2010. ref
Found $ 20 Billion in budget cuts. ref
Made an Advanced Manufacturing Fund to invest in peer-reviewed manufacturing processes. ref
Increased minority access to capital. ref
Customary economic explanation condition tax changes. ref
Provided grants to encourage energy-efficient building codes. ref
Extended and indexed the 2007 Alternative Minimum Tax patch. ref
Made task force to fight deficit. ref
Restored funding to the EEOC and the U.S. Department of Labor’s Office of Federal Contract Compliance Programs. ref
Customary partnerships to share environmental technology with other countries. ref
More than doubled federal spending for research on clean fuels . ref
CBO found 3.7 Million jobs made by stimulus. ref
Raised the small business investment limit to $ 250,000 through the end of 2009. ref
Extended unemployment insurance benefits and temporarily suspend taxes on these benefits. ref ref
Made Haiti Donations Tax Deductible For 2009. ref
Equalized tax breaks with driving to promote public transit. ref
Provided National Export Initiative/Progress report and named Pr
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12:15 AM, Jun 8, 2011 STOCKTON, CA – Kenneth Wright does not have a criminal record and he had no reason to believe a SWAT team would be breaking down his door at 6 am on Tuesday. “I look out of my window and I see 15 police officers,” Wright said. Wright came downstairs in his boxer shorts as a SWAT team barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn. “He had his knee on my back and I had no thought why they were there,” Wright said. According to Wright, officers also woke his three young children ages 3, 7, and 11 and place them in a Stockton police patrol car with him. Officers then searched his house. As it turned out, the person law enforcement was looking for was not there – Wright’s estranged wife. “They place me in handcuffs in that hot patrol car for six hours, traumatizing my kids,” Wright said. Wright said he later went to the mayor and Stockton Police Department, but the City of Stockton had nothing to do with Wright’s search warrant. The US Department of Education issued the search and called in the SWAT for his wife’s defaulted student loans. “They busted down my door for this,” Wright said. “It wasn’t even me.” According to the Department of Education’s Office of the Inspector General, the case can’t be discussed publicly until it is closed, but a spokesperson did confirm that the department did issue the search warrant at Wright’s home. The Office of the Inspector General has a law enforcement …
