I bought a property in Kolkata sometime back. The allotment date was in 2005, however the prosession date was in Jan 2011. I now want to sell it and use the proceedings to buy another property. Will it come under Short Term or Long Term capital gain? If it is STCG, is there any way to save on Tax?
During the Assessment Year 2013-14, interest received from Savings Bank Accounts upto Rs 10,000 is exempted from levying income tax. Am I right? Will anybody please clarify?
how much they will levy tax for depositing 3lacs in a bank?
Father died without a will .Does the ownership of the property automatically devolve to my mother or do the children also become part owners through inheritance.
Please give me a detailed information.
1) will a current account be watched by income tax officers?
2) Why only a current account can be used for a company purpose?
Please add additional information too, if any.
These days there are many options for pension plans with several riders ; A hordes of never heard names are floating in the market , like Aviva, Max Newyork, AXA besides our age old LIC, UTI. All claim to have best track records and offer the best scheme. I do not know whom to trust and do not understand their satistics of track records. Please tell me what is the best and how to comperhend that.
I needed to invest around 25,000 for getting full benefit of Rs.1 Lac exemption before 31 march. I missed the deadline .Can i still invest this amount and save on tax for last financial year ?
I earn 3 lakh per annum. and i wanted to invest it wisely to get a better return in minimum possible time. please advice me both the ways.. that is , with or with out tax benefits.
I am from Bangalore, india? i am managing to save 16000 per month for the last 5 years even though i have had only BPO jobs uptil now. Right now i own almost 1000000 of which 600000 are invested in bank FD’s which give simple interest and 240000 is in PPF. I got married 3 months ago and now doubts are coming over me, whether it will be enough if i carry on like this. I have my own house (inherited). Please help me out, this is driving me really crazy.
Which savings come under section 80C, which come under 80D and which under section24. How much can I save under each section listed?