This year I have redeemed many funds and reduced no of funds from 30 to 12. In one of the posting I read that I have to pay the STCG tax. No problem in paying Tax. Will the AMC or service center (like CAMS) send me a report on STCG. Or do I have to […]

Hi, How can I easily calculate the returns from stock market, for income tax purpose? We need to take care of lot of things like short-term capital gain, depository charges, STT, service tax, brokerage, account maintinace charge, while calculating the returns. Is there any easy way of doing things? Thanks Ravi  

Hi, I need clarifications regarding EPF and PPF.Thanks in advance. 1.Currently I contribute 12% of my basic for the EPF and Company contributes the equivalent amount for EPF.I understand the total contribution will be given a interest rate of 9.5 by Provident Fund Organisation for Financial year April 2010 – Mar 2011. What are the […]

I am a salaried employee and my company collects the income tax exemption related documents by december of the calendar year. When inquired about investments made during Jan,feb and mar.They said they can provide exemptions if the bill is not provided by december itself. I am running SIP in 2 ELSS which will take 4K […]

Hi all, Can someone please tell me what all taxes are applied while buying/selling shares or mutual funds? At  present what I only know is short term gains are taxable (10%) where as long term gains (sellign after 1 year) is not taxable. Is that true?    

How does Investment in Infrastructure bond compare with investment in GPF or EPF?

In one of the comments I saw Sundar saying following “I wanted to mention that All investments for NRIs are governed by definition of FEMA and not Income Tax act. FEMA definition is quite different from IT definition. So far RBI has not brought any clarity on FEMA regarding this.For example if somebody can prove […]

CAN ANYONE POST COMPLETE DETAILS OF NRI TAXATION?1. IF NRI has only income fom house property less than 1.5 lac, is he liable to pay tax and file returns? Whats the rule for residents in this case.2. IF NRI has only interest income (in NRO account) less than 1.5 lac, is he liable to pay […]

my bro. had invested in ULIP(02 POLICIES).Since they were not giving good returns he booked the profit and closed the policies(cancelled it) after 5yrs.The amount is now in savings account.he doesnt reside here in India.He is a NRI/NRE.Will this amt be taxed? If yes why and what is the percentage of tax?