Do banks like State Bank of India, PNB, Dena Bank, U Co Bank, Allahabad Bank etc. fall under the category of a financial institute created under state act/ central act of India? Will anyone please send a list of financial institute created under state act/ central act of India?
I am planning to invest in Tax saver mutual funds of Fidelity,Reliance and Canara robeco. Will i still get Tax exemption on amount invested in these funds under section 80c of Income Tax Act. Experts Please confirm
how many properties can a person invest in from the capital gained from a property sale to avoid capital gain taxes? can one invest in more than one property and buildings or is the tax exemption for one property and a building on that property only? and is there any limit in investing in national bonds or on property or building?
As per the IT Act in India jewellery is considered as a capital asset. Will gold coins/ biscuits be considered as jewellery or will it be considered as just a personal effect. If not, will such gold become a part of wealth to be taxed under wealth tax ?