ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedSenior citizens are exempt from payment of advance tax 10 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 benefit10 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 claim10 years ago
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedPurchase of rural agricultural land below stamp duty value is not liable for notional taxation 10 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 10 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 property10 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 bank10 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 tax10 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 property10 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 ability10 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 deduction10 years agoQuery 1] I am a middle level person employed in a private firm and filing my IT Return for the…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedNRI can continue their PPF account opened when they were Resident10 years agoQuery 1] My son is working in a US firm since Nov 2015.Hence he has completed more than 180 days…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningUncategorizedIssues in Capital gain taxation10 years agoQuery 1] In Hyderabad, I had my only a residential house. Three year back, I had sold my residential house…
ArticleIncome TaxInteresting Income TaxOther Source Of IncomeTax PlanningMinor’s income is not subject to clubbing provision in the hands of the Grandfather or Grandmother11 years agoQuery 1] With the permission of court, I am selling rural agricultural land in the name of our Minor’s income.…
ArticleNRI CornerOther Source Of IncomeTax PlanningTAX LIABILITY OF NRI ON SALE OF PROPERTY IN INDIA12 years agoQuery 1] An NRI wants to open a resident saving bank account with our Branch .What are the guidelines. Inward…