ArticleIncome TaxTax PlanningUncategorizedAVAIL ADDITIONAL DEDUCTION OF RS. 50,000/- BY INVESTING IN NPS5 Nov 20150investing in NPS Query 1] I have query regarding income tax FY 2015-16. I am a salaried individual resident status individual.…
House properyTax PlanningInterest on Housing loan shall be restricted to Rs. 30,000/- if construction not completed within 3 years 31 Aug 20150Interest on Housing loan shall be restricted to Rs. 30,000/- if construction not completed within 3 years Query 1]…
House properyIncome TaxTax PlanningINVESTMENT IN PLOT IS ELIGIBLE FOR CAPITAL GAIN EXEMPTION27 Aug 20150INVESTMENT IN PLOT IS ELIGIBLE FOR CAPITAL GAIN EXEMPTION Query 1] l own house in Nagpur, Can I buy second…
ArticleIncome TaxTax PlanningUncategorizedNRI: Basic exemption limit cannot be reduced from LTCG8 Aug 20150NRI basic exemption Query 1] I am an NRI Sir in AY 2015-16. I am having taxable house property income…
ArticleIncome TaxTax PlanningUncategorizedDeductor liable for penalty @ Rs. 100/- per day if TDS certificates are not downloaded27 Jul 20150Deductor liable for penalty Query 1] My query is to whom the downloading of quarterly form No 16 is mandatory?…
Income TaxTax PlanningClassification of income is important from tax planning perspective6 Jul 20150Classification of income Query 1] Do we need to enter interest income, dividend income and long term capital gains (STT…
Income TaxTax PlanningUncategorizedA step-by-step guide to file income tax return29 Jun 20150guide to file income tax return Query 1] I am a salaried employee. Please explain in detail regarding procedure of…
Income TaxTax PlanningDISCLOSE ALL THE BANK ACCOUNTS WHILE FILING INCOME TAX RETURN15 Jun 20150INCOME TAX RETURN Query 1] As per revise guidelines information about all the accounts other than inoperative is to be…
Income TaxTax PlanningUncategorizedAmount received against mediclaim policy is tax free1 Jun 20150tax free Query 1] Kindly intimate whether expenditure for indoor treatment paid by insurance company against mediclaim insurance policy is…
Income TaxTax PlanningUncategorizedAvail tax breaks on stamp duty & registration charges paid while buying a house 23 Mar 20150stamp duty Query 1] I have purchased a residential flat in Feb-2015 on agreement to sale. I had paid nearly…
Income TaxTax PlanningUncategorizedCO-OWNER MAY NOT BE TREATED AS OWNER: INTERESTING INCOME TAX2 Mar 20150partnership rule Query 1] I had a query regarding LTCG, the details are as follows: I had sold a NIT…
ArticleIncome TaxTax PlanningUncategorizedLife Insurance Policies: No blanket escape from tax16 Feb 20150Query 1] I have taken Postal Life Insurance Policy in Feb-2009 for Sum Assured (SA) Rs. 1,40,000/- for 7 years…
ArticleNRI CornerOther Source Of IncomeTax PlanningTAX LIABILITY OF NRI ON SALE OF PROPERTY IN INDIA2 Feb 20150Query 1] An NRI wants to open a resident saving bank account with our Branch .What are the guidelines. Inward…