ITR filing for my father

Hello! My father is a 61 year old retired person. He has a PAN card but he never filed ITR (low income). My brother created multiple (8-10) FDs on his name and applied for 15-H form in the bank. Even after filling the 15-H form, bank has deducted the tax on the interest amount. How […]

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changing Joint ownership of property to single owner.

I had a house which is registered jointly on my name and my moms name. Now she want to make me the single owner of property. So please let me know what need to be done and what are the various steps required to be followed. Thanks,

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Should restaurants include Service Charge for VAT computation ?

Should VAT include service charge also when doing calculation. I’m seeing lot of conflicting information where some places I see VAT calculated only on Sub Total (excluding service charge and sevrvice tax) and in some I see VAT calculated on SubTotal+Service Charge. I found this link as well where SC should not be included when […]

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My Financial Portfolio

I am a 35 years old married salaried person staying with my wife (she is a housewife) and daughter (6 months old) at my own house. Here is the brief of my financial portfolio:  Income: Around 1.2L per month.  Monthly expenditure : 45K (approximate).  Home loan: I pay EMI of 35K per month which will […]

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service tax

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Max gain

Hi,   i have transferred my loan to SBIMAXGAIN. I opened a saving a/c with SBI and then the home loan a/c was created. Could you please guide me on which a/c I should keep the money to avail the interest discount ? Is it saving or home loan a/c? thanks manoj

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preference shares

what is the advantage of investing preference shares? whether the dividend is tax free?

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Need Assistance in creating Investment Portfolio

Hi Experts, I had found your website while searching some answers and then on i had been following this. I would like to get organized too 🙂 Below are my details for your reference: Age: 27 Marital Status: Married (for 1.5 yrs) take away Salary: 40 K per month EPF: 1800 per month Loan Status: […]

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STCG

Hi, I have been investing in an equity fund past one year through SIP. Now I wish to redeem it as the first investment(SIP) completes one year in august and overall the fund has given me my desired return. So my question is will i have to pay STCG if I redeem all of the […]

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STP

Hi, I have invested some amount through SIP in ICICI Pru FMCG fund.Now the fund has attained my desired return and also the investment is not in its first year. I wish to do an STP to some debt fund. Are there any tax implications on this? Is there any benefit of doing an STP […]

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