Ridhi Negi 1

• asked Mar 28, 2012

can we avail tax exemption u/s 80u and 80dd 'simultaneously' ?

my father is a government official. he is more than 40% disabled and my brother is 90% disabled can my father avail tax exemption u/s 80u and 80dd 'simultaneously' ? total tax exemption is 50,000 + 1,00,000 = 1,50,000.

section-80dd section-80u and

0 votes

1 answers

1405 views

prajval 1

• asked Mar 28, 2012

How to get maximum benefit out of ULIP policies after the lock in period?

My name is RAMESHA VARNA B., aged 39 years from Bangalore I have taken four ULIP policies in 2007-2009. The details are as follows 1. HDFC standard life Unit Linked pension plan II with Yearly premium of Rs 15,000/- in March 2009. 2. Birla ...

ulip-discontinue insurance-plan unit-linked-insurance ulip

0 votes

1 answers

1425 views

Tax Consultant 1

• asked Mar 28, 2012

SERVICE TAX

Dear Sir, I would like to know whether Health related services are exempted from Service tax as per Budget 2012-13?

budget-2012 health-care-services service-tax

0 votes

1 answers

1114 views

MKS 1

• asked Mar 28, 2012

Is LTCG on sale of plot invested in one underconstruction flat is tax exempt if another flat is also underconstruction in my name.

I sold a residential plot which was in my name. The net sale proceeds is proposed to be fully invested in an underconstruction flat of a builder booked in my name. Simultaneously there is another underconstruction flat booked in my name bei...

plot-sale section-54f long-term-gains capital-gains ltcg income-tax

0 votes

1 answers

2205 views

Haseeb 1

• asked Mar 28, 2012

Reinvestment in property

Dear Pankaj, My father has bought a plot measuring 36,000 Sq. ft in my name in 1993 for Ninety seven thaousand. I sold that plot in October 2011 for an amount of Rs. Thirteen Lacs & Fifty Nine thousand and deposited the amount in normal...

section-54f section-54ec long-term-gains capital-gains income-tax

0 votes

1 answers

1945 views

rajendra_n 1

• asked Mar 28, 2012

ULIP discontinuation

As I understand under ULIP money paid as premium is invetsted in funds. What happens when we stop paying premium? does the same investment remains active till the time finally we withdraw from the scheme. In short is it advisable to stop pa...

insurance-plan unit-linked-insurance ulip

0 votes

1 answers

1100 views

prankur 1

• asked Mar 28, 2012

Income tax on PF withdrawal before 5 years

Hi, I was going through your answers related to EPF withdrawal. I understand from your answers that 1. employer contirbution and interest is taxable. 2. Regarding employee contribution, is it totally tax free or if I have claimed 80c deduct...

tax-liability provident-fund epf-withdrawal income-tax

0 votes

1 answers

4722 views

sandipan 1

• asked Mar 27, 2012

house rent allowance for outside working place

hi, my employee works in hubli, and stays on rent. his family stays in mumbai who are dependant on him and stay on rent. which one shall i consider for HRA exemption? please guide. regards sandipan

employment-city hra-exemption house-rent-allowance income-tax

0 votes

1 answers

1523 views

suren 41

• asked Mar 27, 2012

Fixed deposit vs mutual fund

Please consider following cases 1. rs 20000 FD for 1 year and above(@9.0%) 2. rs 20000 mutual fund for 1 year and above(@9.0% debt fund). (i)which one is better? (ii)in 1st interest will be taxable and 2nd it will come under long term gain ...

fixed-maturity-plan fixed-deposit mutual-fund long-term-gains income-tax

0 votes

1 answers

1788 views

sanjaysingh 1

• asked Mar 27, 2012

Tax exemption under 80G

Hi Pankaj, I understand that if we make donation to certain institutions or NGOs then under section 80G there is tax exemption of 50-100% of the donated amount. Can you please tell how can we find authenticity of that institution and the re...

ngo section-80g donation tax-deduction

0 votes

1 answers

2542 views