anujtax 1

• asked Mar 14, 2012

tax benefit on policy with sum assured zero

I have an ICICI Prudential policy - Life time super pension plan for which the premium is 24K per annum and sum assured is zero. My company is saying that there would be no tax benefit on this since the sum assured is zero and tax benefit i...

section-80ccc tax-benefit tax-deduction pension-plan tax-saving income-tax

0 votes

1 answers

1448 views

Prithwi 1

• asked Mar 14, 2012

emigration check required or not for employment in canada

Hi, I am an IT professional.I have to go to Canada with a work visa for a company project for a client there. The problem is that I have an ECR stamp mentioned on my passport(probably by mistake).I need to clarify whether I would need emigr...

canada-visa work-visa emigration-check ecnr

0 votes

1 answers

2285 views

BIKRAM 1

• asked Mar 14, 2012

Tax benifit for long term capital gain tax when sold a flat

Sir, I had purchased a flat in 2003 costing 8 lakhs and that was sold in Nov'11 at 16 lakhs after repaying the home loan. Before that in May'11 I had purchased another flat costing 23 lakhs taking another home loan. Will it attract long ter...

hoe-loan residential-flat long-term-gains section-54 capital-gains income-tax

0 votes

1 answers

1247 views

ank268 1

• asked Mar 13, 2012

Tax saving mutual fund for senior citizen

My mother is 65 years old and has a few lacs as savings in her bank account. She can put aside this money as she does not need it for the next 3-5 years. Her main objectives are tax savings and growth. Is it advisable for her to put this mo...

fixed-deposit senior-citizen tax-saving savings income-tax

0 votes

1 answers

1730 views

preeti 1

• asked Mar 13, 2012

LTA exemption for Delhi to Ladakh travel by taxi

Hello Pankaj, I have travelled along with my family (total 4 members) from Delhi to Ladakh (~1000 Kms) by taxi. I had put the LTA claim of Rs 45K that I spent on travel by Taxi. But the HR is saying that the LTA reimbursement is restricted ...

taxi-fare lta-eligibility lta-claim leave-travel-allowance

0 votes

1 answers

2243 views

ARKhan 1

• asked Mar 13, 2012

I have a pan can is this enouf to get ECNR status

i have a pan card and is this enouf to submit for ecnr.plz advice.thanks...

ecnr-status pan-card emigration-check

0 votes

1 answers

2202 views

deepakmn 1

• asked Mar 12, 2012

LTCG commercial Property

dear sir, i hv purchased property in 2008 and gvn for rent - commercial purpuse (office use) want to sell property in 2012.. (14 yrs) can i avail benefit of LTCG in commercial property thanks deepak

section-54f commercial-property long-term-gains income-tax

0 votes

1 answers

1844 views

sneha 1

• asked Mar 12, 2012

Income Tax Exemption for leave encashed by a Bank officer on voluntary retirement

I took voluntary retirement from Syndicate Bank (Nationalised Bank)in June 2011. For the purpose of exemption of tax on leave encashment will i be considered as Govt. employee or a Non- Govt employee ? i will be thankful for the clarificati...

bank-employee leave-encashment tax-exemption income-tax

0 votes

1 answers

3213 views

Ramanarayanan 1

• asked Mar 12, 2012

Long term capital gains on selling the only one residential house

Presently I am having only one home for my residential purpose. I am 58 yrs old and would like to settle down in a calm hill station for a calm and serene life for soul searching. I have found a gated community at Yercaud hills. The tittle ...

farm-house residential-property section-54 capital-gains income-tax

0 votes

1 answers

1361 views

vivek 1

• asked Mar 11, 2012

AVAIBILITY OF EXEMPTION UNDER SECTION 54F

A purchase 250 SQ MTR LAND on 01/05/1986 for Rs.150000. He entered into an agreement on 27/07/2009 with developer B to construct Building on it at B's Cost and receive Rs.1100000/-. They have 50% partnership in future sale proceeds and 50% ...

section-54f commercial-property long-term-gains income-tax

0 votes

1 answers

1789 views