Know clubbing provision before gifting to wife
Query 1] Part A: My wife, son & I have a separate savings bank A/c at same branch of SBI.…
Tax Planning
No excuse, Purchasing property below stamp duty valuation is taxable
Query 1] My friend purchased house at Hingna jointly with his brother, sale deed executed in May-2014. Actually, purchase agreement was…
Medical Allowance Vs Medical Reimbursement: What’s in a Name
Query 1] Kindly intimate, whether the amount received under medical reimbursement is taxable or not? If taxable under which section…
Tax treatment of gratuity received by LIC agent
Query 1] After serving LIC as agent for 15 years, LIC gives one time gratuity up to Rs. 2 lakhs…
Eligible Start-up – 100% Tax Holiday for 3 years
Tax Holiday for 3 years Query 1] Start up India action plan was launched by the PM few months back…
Non filers may take the benefit of Income Disclosure Scheme-2016
Income Disclosure Query 1] If a person has not made any investments in LIC or in PPF, so can he claim…
Claim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG
Claim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG Query 1] I am not…
Scholarship received to meet the cost of education is tax free
section 80E Query 1] In my college, we are recruiting persons to work as junior research fellow and senior research…
New option for saving Long Term Capital Gain Tax
New option for saving Long Term Capital Gain Tax Query 1] My agreement of sale for flat in a…
Tax deduction towards medical treatment & maintenance of a dependant with disability
Tax deduction Query 1] As per new medical policy, Bank Employees have option to choose dependent parents (any of them)…
Profit arising from sale of property & Tax saving options
Tax saving Query 1] I request you to kindly suggest me on the following issue. I have sold residential cum…
Minor’s income is not subject to clubbing provision in the hands of the Grandfather or Grandmother
Query 1] With the permission of court, I am selling rural agricultural land in the name of our Minor’s income.…
Reduce the tax liability on arrears of salary by claiming relief u/s 89
Reduce the tax liability on arrears of salary by claiming relief u/s 89 tax liability Query 1] I am working…
Not actual rent, House property is taxable on the basis of its Annual Value
House property Query] If I purchase the second house property for my own use, still whether I would be require…
File the return in time to enjoy the benefit of carry forward of loss
income tax return benefit Query 1] I know a Farmer in my Neighborhood who was having agriculture land & has…
Medical reimbursement for treatment in approved private hospital is tax free
Medical reimbursement Query 1] Whether medical reimbursement received by employee is taxable or not? If tax free, do we need…
Issues in taxation of Bonus & splitting of Shares
Issues in taxation Query 1] I am holding a BSE listed shares since last 28 months. In current month, company…
Taxability in case of Joint Bank FDR
FDR Query 1] I have following 2 queries regarding income tax payable on interest accrued on Joint FDRs Whether independent members…
