INCOME TAX ON SALE OF SHARES & MUTUAL FUNDS

MUTUAL FUNDS Query 1] I had purchased some shares and Mutual fund a few years back (exact date can not be determined). I have sold these in the previous year 2010-11. Will it attract long- term capital gain tax? Will it ...
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DISCRIMINATION IN THE TAXATION OF LEAVE SALARY

TAXATION OF LEAVE SALARY Query 1] With reference to your Reply in the Hitavada dated February 14, 2011, you have provided Cost Inflation Indices up to F.Y. 2009-10, as a guide for calculating the Long Term Capital Gain. The CII for ...
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INCOME TAX- AT A CLICK NOW

income tax click now Query 1] How can a NRI British citizen residing in London can apply for a PAN card from here itself? What are the documents required? Can you help me in this regard? [gotmadan@yahoo.com] Opinion: Step by step instructions for getting ...
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COMPLICATIONS OF CAPITAL GAIN

COMPLICATIONS OF CAPITAL GAIN Query 1]  As per your answer in the earlier issues of Tax Talk, Capital gains is to be calculated by deducting the indexed cost of acquisition from the sale price. What does indexed cost means? Is ...
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RETIREMENT BENEFITS & INCOME TAX

RETIREMENT BENEFITS Query 1] I have two specific queries to make, if you kindly enlighten me, I will be ever grateful: I am a retired Govt. employee, senior citizen. My wife is also a Senior Citizen. She wants to have ...
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