ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedSecond house property: Income tax without actual income9 years agoQuery 1] The first housing loan has taken by me in year 1994 and I am taking benefit in income…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedIncome tax is not always on real Income9 years agoQuery 1] My nephew is working as a LIC agent for the last ten years In 2011 he has purchased…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedKeep proper records & documents of expenses for claiming deduction9 years agoQuery 1] We are in the process of selling one house, which is in my wife’s name. I have the…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedNew retail investors are eligible for tax benefit u/s 80CCG9 years agoQuery 1] In case of salaried Govt. employee, for Income Tax exemptions in general, please advice: What are the options…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedTax implications on relinquishment deed amongst family members 9 years agoQuery 1] We are two real brothers and two real sisters. Our father owned a residential house in New Delhi…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedMedical expense on cancer & tax deduction9 years agoQuery 1] One of my relative is suffering from cancer and getting himself treated from a private hospital. I want…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedClaim Tax Credit on Foreign Income of a Resident9 years agoQuery 1] I have the following queries: I am going to teach a course in Telecom B-school, Paris. The honorarium, what…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedSenior citizens are exempt from payment of advance tax 9 years agoQuery 1] I am a Senior Citizen, Tax Payer, having income from Central Civil Pension and Bank Interest (Savings and…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedInvestment in 5 years fixed deposits also offers tax benefit9 years agoQuery 1] As per Income Tax provision, Fixed Deposits falls under section 80C- tax exemption or not? If not, what are…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedNo tax on receipt of accidental death claim9 years ago
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedPurchase of rural agricultural land below stamp duty value is not liable for notional taxation 9 years agoQuery 1] I am a senior citizen and having pension and bank interest as income to meet our needs which…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedPradhan Mantri Garib Kalyan Yojna- 2016: Last call to come clean 9 years agoQuery 1] One of my relative who was a teacher retired in the year 2013 from municipal corporation school. She…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedEven self employed person can claim deduction towards rent of house property9 years ago Query 1] I am a Central Government Pensioner, 82 years old, drawing pension of over Rs. 70,000/- p.m. I…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedWhether 200% penalty leviable for deposits of unaccounted money in the bank9 years agoQuery 1] Whether penalty @ 200% can be levied even if the income is offered for taxation while filing income…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedDemonetization of money & income tax9 years agoQuery 1] I am a senior citizen retired from the Govt. job 4 years back. Whether the cash deposits by…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedWhether two adjacent flats can be regarded as “One ” house property9 years ago Query 1] A small query related with the words “One House”, “One Flat “. Is there any restriction regarding…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedCategorisation of shares income decides its tax ability9 years agoQuery 1] I have a query regarding capital gain on agriculture land which is away from city, is in the…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningKeep proper records & documents of expenditure incurred on property for claiming deduction9 years agoQuery 1] I am a middle level person employed in a private firm and filing my IT Return for the…