ArticleIncome TaxTax PlanningUncategorizedTax treatment of gratuity received by LIC agent 9 years agoQuery 1] After serving LIC as agent for 15 years, LIC gives one time gratuity up to Rs. 2 lakhs…
ArticleCapital gain exemption if Construction is done on the plot owned by spouse9 years agoQuery 1] A friend of mine, now settled in Karnataka, owns a flat in Nagpur and is free from encumbrances.…
Capital GainTax PlanningEligible Start-up – 100% Tax Holiday for 3 years9 years agoTax Holiday for 3 years Query 1] Start up India action plan was launched by the PM few months back…
ArticleAssessmentBusiness/ProfessionOther Source Of IncomeTax PlanningNon filers may take the benefit of Income Disclosure Scheme-20169 years agoIncome Disclosure Query 1] If a person has not made any investments in LIC or in PPF, so can he claim…
ArticleAssessmentCapital GainHouse properysalaryTax PlanningClaim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG9 years agoClaim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG Query 1] I am not…
AssessmentIncome TaxOther Source Of IncomeTax PlanningScholarship received to meet the cost of education is tax free9 years ago section 80E Query 1] In my college, we are recruiting persons to work as junior research fellow and senior research…
ArticleCapital GainsalaryTax PlanningNew option for saving Long Term Capital Gain Tax9 years agoNew option for saving Long Term Capital Gain Tax Query 1] My agreement of sale for flat in a…
ArticleOther Source Of IncomeTax PlanningTax deduction towards medical treatment & maintenance of a dependant with disability9 years agoTax deduction Query 1] As per new medical policy, Bank Employees have option to choose dependent parents (any of them)…
ArticleAssessmentHouse properyOther Source Of IncomeTax PlanningProfit arising from sale of property & Tax saving options9 years agoTax saving Query 1] I request you to kindly suggest me on the following issue. I have sold residential cum…
ArticleIncome TaxInteresting Income TaxOther Source Of IncomeTax PlanningMinor’s income is not subject to clubbing provision in the hands of the Grandfather or Grandmother9 years agoQuery 1] With the permission of court, I am selling rural agricultural land in the name of our Minor’s income.…
ArticleAssessmentIncome TaxsalaryTax PlanningReduce the tax liability on arrears of salary by claiming relief u/s 899 years agoReduce the tax liability on arrears of salary by claiming relief u/s 89 tax liability Query 1] I am working…
House properyIncome TaxTax PlanningNot actual rent, House property is taxable on the basis of its Annual Value10 years agoHouse property Query] If I purchase the second house property for my own use, still whether I would be require…
AssessmentIncome TaxTax PlanningFile the return in time to enjoy the benefit of carry forward of loss10 years agoincome tax return benefit Query 1] I know a Farmer in my Neighborhood who was having agriculture land & has…
ArticleCapital GainTax PlanningMedical reimbursement for treatment in approved private hospital is tax free10 years agoMedical reimbursement Query 1] Whether medical reimbursement received by employee is taxable or not? If tax free, do we need…
House properyBeware, there is a penalty for property transactions in cash10 years agoproperty transactions Query 1] I am to get some amount in March 2016 on redemption of ELSS MF done in…
House properyOther Source Of IncomeOwnership of land is not a pre-requisite for having agricultural income10 years agoQuery 1] Sir, My uncle is an agriculturist. Due to his old age he is unable to cultivate land. He proposes…
AssessmentIncome TaxTax PlanningIssues in taxation of Bonus & splitting of Shares10 years agoIssues in taxation Query 1] I am holding a BSE listed shares since last 28 months. In current month, company…
Other Source Of IncomeTax PlanningTaxability in case of Joint Bank FDR10 years agoFDR Query 1] I have following 2 queries regarding income tax payable on interest accrued on Joint FDRs Whether independent members…