i have two sisters younger to me , my father gave me a property(got by his own earnings) through a settlement deed,now my question is wheather my sisters can take any legal action asking for a share frm this propery ?
I used to work in Singapore for 5 years and now I am in India and have started a business of my own.
There is very little revenue from my new business, so there is no income I am drawing from it as of now. I manage my living expenses in India using the money I earned in Singapore.
In such a situation, do I need to pay any tax to Indian Government?
I am working in singapore and placed 10 lakhs in domestic fixed deposit scheme with Indian Bank in India. Am I chargeable for the income earned thro interest?
If a person is investing in Mutual funds (other than ELSS) for a long term say 3 years. Is the interest earned and principal in this way tax free?
I had booked a flat in the year 2007. After that construction started. The construction is now complete. I wish to sell the same to a buyer even before the flat being registered in my name, i.e. the sale deed will be between me, the builder, and the buyer, which will be executed in Feb 2012. I will earn some amount from this sale. How the income tax will be levied on this transaction. Whether it will be a capital gain, and if so, short term or long term?