I am having a flat in South Delhi in my name. Can i pay House Tax in the name of my wife and get additional benefits? Ladies get additional deductions in House Tax.
kindly somebody detail that how to gift money to spouse for tax exemption and its pros and cons.
of income. my question is that will she have to pay income tax?
Thinking of taking up a job offer in California, need guidance on tax and social security expenses to calculate net take home salary.. Also, please guide me on whether there is a tax refund and how is it calculated .. I have my wife and on daughter (11 months old) as dependents
Who can claim deduction U/s 24 (1) (vi) ? My wife does not contibute for repayment of loan and repayment is done only from my income. But since the property is in joint name, her name is also included in the loan papers with the Bank. Can I claim deduction for the entire amount of Interest?
Income from house property is 50:50 in respect of myself and my spouse. total EMI of the home loan is going from my salary account. will i get the facility of tax exemption on the total interest accrued on the house loan.
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 live in the same city but different location (different houses) can both claim for HRA exemptions as Individual?
Does the Income tax act expects husband and wife stay together?
i have my own home in Gujarat for which i have taken a loan from icici bank and i am availing income tax exemption. now i wish to loan transfer to SBI. my home is name of my wife, she is a housewife and she is not availing any benifit on that home. Am i entitled to avail tax exemption on this loan? Bankofficer says no, because home is not my name.
Suppose I have given my wife a sum of 1000000 which she has invested in MIS, whether she has to pay gift tax?