KV Lu 1

• asked Mar 8, 2012

Income tax on Arrears

Dear Sir I have received arrears for the FY 2010-11 in the month of February 2012. My employer deducted the income tax from my salary. When filing the tax returns, is there any exemption for the arrears ?

section-89 arrears-income tax-deduction income-tax-return income-tax

0 votes

1 answers

1540 views

Anand Rungta 1

• asked Mar 8, 2012

LTCG ON PROPERTY SALE

hi sir, actually i have a industrial plot in noida- lease deed in dec 2009 possession date is jan 2010 allotment date is jan 2009 I want to sell it now by taking full white money because i had found a party with good deal.but i know that th...

power-of-attorney industrial-plot short-term-gain long-term-gains income-tax

0 votes

1 answers

1157 views

sandeepks83 1

• asked Mar 7, 2012

Muthoot NCD Issue

Hi Pankaj Sir, Could you please advise me if the current NCD issue of Muthoot Finance is attractive as it claims 13% for 2 years tenure? I do not know the working of NCD, wanted to know how can a person redeem the amount after maturity i.e ...

non-convertible-debenture muthoot-finance ncd

0 votes

1 answers

778 views

Sreenanda Palit 1

• asked Mar 6, 2012

Tax exemption on buying an i-phone in India

Dear Mr. Pankaj Batra, I have purchased an i-phone with original bill from Aircell in India. I have heard from a colleague of mine that the Indian govt. is allowing a tax exemption on the total purchase/ bill amount if an i-phone is bought ...

bill-amount i-phone tax-exemption income-tax

0 votes

1 answers

889 views

Lata Nair 1

• asked Mar 5, 2012

Tax Saving

Hi Mr. Pankaj, I am glad to come accross your website. If we sold a property and the buyer buys at guideline value only, thereby giving us the rest money in white, then I understand from your blog that we should invest it in another propert...

loan-prepayment section-54f tax-saving capital-gains income-tax

0 votes

1 answers

1032 views

vilsy 1

• asked Mar 5, 2012

LTCG exemption for full sale value or only for value indicated in the sale deed?

Dear Mr. Pankaj I am selling a residential urban site for Rs. 45 lakhs. The buyer would like to show only Rs. 20 lakhs in the sale deed as per present govt. rates. He will give me DD for Rs. 20 lakhs and balance in cash. I am going to const...

cash-transaction long-term-gains capital-gains income-tax

0 votes

1 answers

946 views

Vijayakrishna K 1

• asked Mar 5, 2012

Tution fees paid for children under Section 80C

I have two kids aged 2.5yrs and 5 yrs. My youger daughter is going to play school [eurokids] for which I have incurred fees as follows: Registration fees-Rs.2200/- Books/transport/uniform -Rs.360/- Tution fees - Rs.7700/- Admission fee/Term...

tuition-fees section-80c children-education tax-exemption income-tax

0 votes

1 answers

3207 views

swapansen 1

• asked Mar 4, 2012

submission of form 15H

My dear Pankaj, I am having trouble with my bank (nationalized) regarding sending credit of TDS deducted from the interests on my Fixed Deposits to the Income Tax Department. Despite repeated complaints at various levels, the problem has re...

form-26as form-15h tax-deduction tds-not-deposited tds

0 votes

1 answers

1491 views

Nagendra 1

• asked Mar 3, 2012

Suggestion required on best performing Mutual funds across different fund class

Hi SocialFinance Team, I am planning to invest in following mutual funds in SIP over mentioned time period. For 5-10 Years 1. Fidelity Equity Fund (G) 2. Canara Robeco Equity Tax Saver (G) 3. UTI Dividend Yield Fund(G) or ING Dividend Yield...

best-mutual-funds tax-saver equity-diversified sip mutual-fund

0 votes

1 answers

1548 views

srinu 1

• asked Mar 3, 2012

I have lost my passport in Bahrain

Hi Pankaj, I have lost my passport in Bahrain. I am under work visa and its been only two weeks since my arrival. My medical test id due next week and therefore i do not have a CPR number. I cannot take this issue to my employers as i am in...

work-visa lost-passport

0 votes

1 answers

905 views