tax exemption for insurance policy.

hi,i have a ulip policy.i pay premium annually towards my policy.it is done in march every year.this year in march,i was not able to pay the premium due to some personal problem.so i could not claim tax exemption for the FY 09-10.now i will pay the due premium in next month and regular premium in […]

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Tax rebate on Post office MIS under section 80L

Sir, I have read somewhere that one can get Tax rebate under section 80L for monthly income received via Post Office MIS. Is It true.

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Tax on EPF

Respected Sir Can you tell me that weather EPF will be taxable in  DTC or not ,as of today?

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Tax liability on premature Retirement On medical ground

If employee from private sector company gets prematur voluntary retirement on medical ground & he is to receive Rs 10,00,000 as compensation under the scheme defined by company for the purpose, wht will be tax liability on this amount & how much TDS an employer is suppose to deduct?

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capital gain & regular income

Dear , Any guy who have a property around cost of Rs 50/-lac and if he/she want to sell his/her property (he/she have other resource for residance) and want to invest the same amount for regular monthly income. pl.suggest best option? Now he is working & his tax bracket end of 20%,want to generate a […]

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PAN Migration

Respected Sir, I got my PAN card when I was working in GUJRAT in 2005,in Bardoli Disstt. SURAT, latter on i migrated to Bhavnagar,Guj. and now i am in Haryana,Faridabad . I have heard that one should get PAN Migration done for fast Income Tax Returns to be refunded. Is it true about Salaried individuals,& […]

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Tax on cash gift given to father by Son.

Respected Sir, In present context & also proposed DTC, if I Pay some cash monthly to my Father to support him, then can i at the end of Financial year claim Tax benefit on this amount. Thanks

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How to deal with Capital gain transactions

What differentiation we need to make for various kind of profits in share market. Specifically – Intra day trading on cash Short term trading on cash (investment less than 1 year) Intra day on F&O General F&O (for 1,2, or 3 months contracts) Long term investments (investments more than 1 year) Also what shall be […]

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Income Tax Returns for NRI

Hello, At present I am working outside India since 1yr 4 months. Is it required to file my returns in India. I consulted one of CA he informed that its not required to file my returns. Can some one let me know the clear picture on this part

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Capital gain Tax on Stocks

Do you pay capital gain Tax ? How do you handle F&O and Short term Cash based Profit/Loss statement, i mean what proof you have to submit along with your returns? What if you have long term capital gains on some stocks but you have not declared them during last year returns?

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