Hello, I am working in Qatar since March 2011, and have not been filing my IT Returns. Before coming to Qatar, we have been filing our IT returns. What are the options available for me, and for my wife to file our IT returns? Can it be done online? If NO, can we file our IT returns […]

Hi, The company I work for is US based and had offered us RSUs. Recently, the company was acquired by private equity fund, and our stocks were liquidated. We were taxed 34% by US Govt. i.e. 200 units at $24 each giving $4800, but we received $3167.12. So, do we have to pay income tax here […]

Hi, I want to ask whether FD investment comes under section 80 C (tax investment) ? If it comes under section 80 C than what is the minimum duration someone has to go for. Thanks, Anshul

I am a salaried employee and I have filed my income tax for the AY 14-15 online. I have received Income Tax Intimation U/S 143(1) via both email and hard copy to my postal address. The file has net amount payable as Rs.1000/-. I have now paid this online (400 – Tax on Regular Assessment) […]

I have a house given for rent since 2009. In 2014, I purchased a flat which is self occupied and have a loan. I will show the interest for this house under section 24. Can I show the stamp duty and registration fees under 80C for this new house?

I have a land loan from 2006. I constructed a house and had taken a home loan in 2009 and have given the house for rent. I finished the home loan now. Until now, I was claiming the principal I paid for both land loan and house loan under 80C. Now, the home loan is […]

Dear Sir/ Madam, I have a two Home loan. One Home loan is individual and second Home loan is Joint Loan with my elder brother, House also with on joint names. These second home loan EMI payment through my elder brother saving account. Can I avail Tax benefit of Interest paid on both Home loan […]

What are other  options available  in order to save tax on interest  income ?

I’m staying on rented flat. I owned my first flat (presently it’s on rent out) and now I have booked 2nd flat (under construction property and possession is in Dec 2016) and registration is due in Dec 2014 My Query – Is paid amount against Registration and Stamp Duty of my 2nd flat is tax […]

If I give Rs 10 lacs to my wife , what are tax implications to me  or my wife. What is max. amount  one can give as gift to wife or close relatives ?