Hi All, I am salaried employee in private software company. As per company policy we have to submit proof of investments done under 80C before 25th January 2015. I want to invest in schemes under 80 C in the month of February-March 2015. So Eventually my all investment details under section 80 C will not […]

Hi Experts, Can someone please help me in understanding the below case- Say, I have paid a premium of Rs.10,000  from my bank account for a health Insurance, which qualifies as deduction under 80D. This insurance covers me and my wife. My wife then transfers Rs. 5000 to my account using net banking. Can both […]

Hi This Year I have invested 80k in Reliance tax saver ELSS fund (Dividend Reinvestment Option) in nov 2014 Around Rs 3300/- was received as dividend and it was reinvested. So can i claim tax exemption on Rs 80000/- + Rs 3300/- Our company IT department is saying we cannot claim tax on Dividend Reinvestment […]

Hi all, My wife was on a temporary govt job for 2 years from 2010 to 2012. But even after her tenure got over she did not receive full payment. She received part of it in FY13-14 and remaining 3.5L just 2 weeks back. But now she is also working in other office and having […]

For AY 13-14, the amount reflected under 26 AS in the tax credit mismatch page is almost half of that of the amount under TDS/TCS claim. I had filed my returns as per the Form 16 provided by my employer. I raised this query on the Income tax department call centre. They asked me to […]

I want to know, if can I pay rent to my parents on house which I am residing along with parents for HRA exemption. Then my parents can show rent for HRA exemption in their IT return and difference can claim as business income?

Dear Expert, As we came to know Interest paid on Housing Loan for self-occupied property u/s 24 – the salary income can be set off against interest paid subject to maximum of Rs.200000 per annum. Interest paid on housing loan for let out property u/s 24 – Interest payable on housing loan for let out property […]

I want to loan Rs 10 lac to my wife (who is currently in zero tax slab) with tax saving purpose. My queries :-   How to make loan deed.   What is the reasonable interest rate to be charged or can it be interest free.   Do I have to include such interest received in my other […]

Respected sir, I bought 10 shares of value 10 rs. So total investment is 100 rs. Now in less than a year period, I am selling 5 shares at value 20 rs. Does this transaction will attract short term capital gain though I have sold only 5 shares and I have just got back my […]

Dear Good afternoon. I need to save 55 K for Tax purpose, day before yesterday I have invested 25K in Axis Long Term Equity Fund – Direct Growth. Now need to invest 30K more. Please suggest where to invest as now a Days market is on Peak, investing in Axis also don’t know was my […]