In the recent Budget 2010, an additional deduction was announced or Rs. 20,000 for investment in infrastructure bonds.
Yes, both the parents can claim the benefit separately to the extent the interest is paid by them individually. However,…
In the sixth schedule, some income is excluded for the tax purpose in the income of individual and it has…
The addition of the amount of Rs. 52,000 to the PPF account, being the contribution and the interest earned on…
On the death of a subscriber, the balance in the PPF account is paid on demand to his nominee or…
Short-term loss can be off set against long-term gain or short-term gain whereas long-term loss can only be set-off against…
From the information provided, it seems that the house property is purchased in joint names and the loan too is…
For a retired person, is it necessary to pay quarterly advance tax on the earnings out of investments in the…
This facility is available for any number of blocks on expiry of each of the extended periods. The continuation can…
For FY 07-08, you may file a tax return till March 31, 2009 without having to pay any penalty.
One can indeed qualify for insurance, mediclaim, PPF deductions etc upon payments made in these schemes, irrespective if you are…
When you sell such gifted shares, the cost and the holding period of the previous owner would be taken as…
Over a long period, it is impossible to predict what direction interest rates will take. While increasing the EMI would…
TDS is applicable @ 10.3% if the interest paid or payable is Rs 10,000 or more during a FY
A deduction from such HRA is only available if the receiver pays rent for the premises he or she lives…
To save tax on long-term gains on sale of property, the amount of capital gain has to be invested in…
Yes, your interpretation is correct. In the example stated by you, the FMP enables the investor to defer the tax…
Your capital in the fund that will be returned to you at the end of 90 days is a capital…
