DEar Jgaoinvestor team and experts
I am very happy to thank you all for the kind of self less service you people render to the Public by educating them to manage own finance
I have few queries . Pls help me by answering.
Query NO:1
1. we have sold our house .
Taken an auditor help for calcualtion the indexation and finally find out i need to buy 25 Lakhs REC bond to get the tax exemption.
Date of sale – 27 th August 2012
Date of the amount deducted from the bank account – 31 st dec 2012
Date of allotemnt of bond – 31 jan 2013
Now my question is will they give interest from the date when they dedcuted the money from bacnk account?
Because if they give me the interest from bond allotemnt date i will lose 12 – 13k .
Please help me to understand this
Query No:2
I am in the first slab.
I always do STP from liquid fund.
I dont know how to calculate the taxation of the liquie fund.
Pls can anyone suggest me how to do tat and which method will be best way to lessen the tax burden?
Regards
Vignesh