Since one is currently a resident of India, ones global income is taxable in India, including income from investments abroad.…
Once vested, the employee still has to exercise the options at the exercise price during the exercise period in order…
My wife sold some shares and made a profit of around Rs 40,000. The shares were held for more. She…
When one subsequently sells the shares, capital gains tax will be exigible. The cost of the shares would be the…
Sec 36 is amended to allow deduction of STT against income from such transactions only when the income from such…
HRA deduction is available as long as you pay rent, regardless of whether you own any property, whether in the…
In these cases, the net loss can be carried forward for setoff against the profits and gains only from the…
Certain components of CTC would be tax-deferred (eg ESOPs are taxable upon exercise though calculated as part of the CTC…
On the let out / deemed let out property, there is no limit on interest deduction; the entire amount of…
I have purchased house-1 at X place in the year 2005 and the same is on rent. Since then I…
There is a limit of Rs 50 lakh per financial year on investment in such bonds. The clock starts ticking…
In practice, husband and wife cannot have a commercial relationship and there is very high possibility of the department denying…
I had availed of an education loan for my daughter?s studies for the MBBS course, from State Bank of Travancore,…
I am serving in a multinational corporation earning around Rs 5.6 lakh per annum. My contribution towards PPF/LIC etc is…
I understand that gifts given to your children and parents are tax-free and that, subsequently, interest accrued on such ‘gifts’…
Upon speaking with a couple of other people and my HR and doing some research, I am now confused.
Some time back, under ‘Buy Back Scheme’, Ranbaxy Lab has purchased my share at Rs. 737 (all shares I held…
I booked a residential apartment in December 2004 and paid Rs 33 lakh (Rs 18 lakh cash + 16 lakh…
