Presently I am outside India for the last 10 months.My parents live in Kolkata.I work in a chennai based MNC, but I have no accomodation there.In such case,is it possible to get house rent slips from my Father and submit them as HRA in order to obtain the tax benefit.How is it possible or is it possible at all?
Thanks in advance
I have already taken a home loan from HDFC, and getting tax benefit. Now I plan to buy a second house at the same place. Will I get a tax benefit for the second house also? Can I claim the tax deduction for both houses?
what is the annual interest on NSC purchased after 1st april, 2009 to have relief from income tax
I was in Korea for 120 days, now inoirder to get NRI benifit I have to complete 182 days out of India, so planning a cheaper place where I can stay for 62 days, Can Nepal be considered as one of the options or Pls suggest any other country cheap and where I could get the tax benefit as well. thnks
My wife and myself working in same city. We are staying in a house which is on my name and I have taken housing loan for this property. I am paying more than 1.5 L per year towards housing loan interest.
Q.Can I take rent from wife and show that rental income and claim the income tax benefit under the let out property?
I want to sell my flat which is on loan and buy new one within few months.
Is it must to buy new flat in same FY to save income tax on monitory benefit? or
What is time limit for buying new flat?
If I could not buy new flat in same FY then what are ways to save income tax?
i am a male…nd want to know the maximum relaxation in the tax by our savings
If the property is in joint name & the loan is taken as joint with the wife, can the husband claim full tax benefit(both interest and principle repayment)?
If husband and wife are joint owner of a flat/house, will they both get income tax benefit on home loan/principal repayment? What will be the amount of tax deduction per year for each of them? will it be half of total tax rebate (as per income tax rule in India)?
In India, if one pays the mediclaim premium through a cheque then one is entitled to get tax benefit but if the same is paid in cash, one does not get the benefit. Whys is there such a peculiar rule?