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    1. Business News
    2. Authors
    3. an shanbhag

    AN Shanbhag

    ?A NRI cannot hold resident bank accounts, whether savings or FDs?

    My husband gets his form 16 with tax deductions from his company. We attach the same with the Saral form…

    By AN Shanbhag
    January 11, 2009 00:23 IST
    ?Income earned by minor clubbed with parent?s earnings?

    My mother bequeathed in July 2005 a housing property of 4,500 sqft, out of which 500 sqft, is commercial in…

    By AN Shanbhag
    January 4, 2009 22:41 IST
    Gift given by sister, spouse, daughter is tax free

    I am a retired person, 69 years of age with no source of income except interest on a few small…

    By AN Shanbhag
    December 28, 2008 21:45 IST
    Long-term capital gains & losses from redemption of equity MFs are exempt

    Can you provide the definition of and inclusions in the term ?relative? under section 56 of Income Tax Act for…

    By AN Shanbhag
    December 21, 2008 23:26 IST
    ‘Paying a spouse rent and claiming the same as HRA deduction might be termed as tax evasion transaction’

    I had booked a house under construction in 2005/06 and had made the full payment to the builder and the…

    By AN Shanbhag
    December 14, 2008 23:29 IST
    An amount gifted to a relative will be free of income tax

    Whereas VPF will give you 8.5% tax-free, BNB will earn you 8.41% after tax. So both options are equally good,…

    By AN Shanbhag
    November 30, 2008 01:39 IST
    ‘Returns for growth and dividend options are not different’

    Recently, I requested for change of option from dividend payout to reinvestment option in one of the mutual fund schemes…

    By AN Shanbhag
    November 23, 2008 22:26 IST
    SIP is not a product but a strategy for investing

    Recently, I read about tax saving fixed deposits of banks. My question is that in the case of a cumulative…

    By AN Shanbhag
    November 16, 2008 22:16 IST
    PPF account opened when one was a resident can be operated after becoming an NRI

    Is an NRI allowed to continue investing in a PPF account back home in India during the balance period left…

    By AN Shanbhag
    November 9, 2008 02:45 IST
    ?Capital gains from sale of a plot is not the same as capital gains from sale of a residential house?

    I have a query related to National Savings Certificates. As far as I know, an investor does not need to…

    By AN Shanbhag
    June 15, 2008 23:19 IST
    One can set off capital losses only against capital gains

    Well, you can set off capital losses only against capital gains and not against any other income. We suggest that…

    By AN Shanbhag
    May 11, 2008 23:16 IST
    When a financial asset is transferred, the surplus or deficit is a capital gain or loss

    The date of acquisition of your flat falls in April 2007 and not in August 2004. In August 2004, you…

    By AN Shanbhag
    April 20, 2008 23:40 IST
    On death, PPF account balance is paid on demand

    I have received a sum of Rs 8 lakh from my brother, upon surrendering my share of inherited property to…

    By AN Shanbhag
    April 13, 2008 23:37 IST
    ?A subscriber, continuing a PPF account withfresh subscriptions, can withdraw up to 60%?

    Same case in one of the family Individual PPF accounts, which expires on 1-4-2008. I am not sure yet whether…

    By AN Shanbhag
    April 6, 2008 02:32 IST
    Person suffering from permanent physical disability is entitled to tax deduction

    I have a PPF account that was started in 1976 and have been contributing regularly. I have not filed any…

    By AN Shanbhag
    February 24, 2008 23:57 IST
    The law prohibits any cross gifts

    Can a senior citizen resident in India nominate his US citizen daughter, as his nominee in the Post Office Senior…

    By AN Shanbhag
    February 10, 2008 00:18 IST
    Tax concessions on housing loan can be availed only by house owner

    What is the rule position regarding the upper limit of interest component with respect to home loans – most places…

    By AN Shanbhag
    February 3, 2008 23:53 IST
    Short-term capital loss can be setoff against short-term capital gains

    I had opened a PPF a/c in 1989, which I had extended in 2004 at the end of 15 years.…

    By AN Shanbhag
    January 27, 2008 00:38 IST
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