You have earned a right to own a flat in FY 04-05. The cost of acquisition of this right is…
Any investment in ELSS, whether directly or switching from another scheme, will be eligible for benefit u/s 80C.
Assuming that the cars are meant for your personal use and you are not in the business of car hire,…
When a part of the building is forcibly taken by the Municipality for road widening or by any other authority,…
I have a long-term capital loss of Rs 39,000 on transaction done on NSE/BSE on shares, where I have paid…
I have invested a sum of Rs 10 lakh in 8% RBI Savings Bonds. In respect of the interest payable…
The bond investment and the property investment to save capital gains tax are mutually exclusive of each other. Of course,…
DDT essentially is a tax paid by the mutual fund and not the investor. In fact, the dividend, which is…
In your case, as the residential flat has not been owned for a term of in excess of 36 months,…
For a resident, the entire basic exemption is available for setting off the short-term gain. In other words, in the…
Your calculations of the house property are not correct. The tax deduction on interest will be limited to Rs 1.50…
There is a specific form available for precisely such cases. This form has to be submitted specifying the corrections and…
This point was clarified in an earlier article. STT paid short-term capital gains cannot be adjusted against Sec 80C. But…
As observed correctly by you, the specified percentage of the deposit shall be deducted and the balance paid to the…
No, in case of all schemes of all mutual funds, whether equity based or non-equity based, the capital gain is…
I am given to understand that capital gains earned on sale of property can be saved by investing in another…
