Will that money be taxed? The money coming in to this account from USA is used basically to pay for my parents monthly living and maintenance expenses – like phone/electricity bills. This account is in my sole name and no joint account with parents – normal savings account – and is different from my salary account.
Would the annual sum of Rs 1,20,000 be exempted from my income tax? What are the formalities for the same?
I am bit confused. What are the best investment plans? And what about fix deposit, will I have to pay income tax on F.D ?
I worked in a PSU company from August 2006 to December 2007. Till now i did not file any returns. Tax was deducted from my salary by my company on monthly basis after calculating my income. Now for 2006 – 2007 how can I file returns.
I will not be taking loan to buy these properties.
in India, in India, in India,in India,in India,in India,
What are the various ways, techniques and methods to reduce my taxes to the maximum? Legal and illegal?
I would like to have some information about mutual fund or any other monthly investment scheme
with min. market risk.