Smitha 1

• asked Jan 26, 2012

Home loan interest exemption

Hi Sir, I would like to know if the interest component of two housing loans can be claimed by a single person, given both the houses are let-out? If so, what is the maximum amount that can be claimed as interest? In addition, can payment of...

let-out-property home-loan-interest tax-exemption section-24 income-tax

0 votes

1 answers

2223 views

NIRAJ GARG 1

• asked Jan 26, 2012

Housing loan pre payment income tax benifit

Can I get income tax benifit from pre-payment of housing loan?

pre-payment home-loan income-tax

0 votes

2 answers

1797 views

Sag 1

• asked Jan 26, 2012

TO save tax on LTCG earned out of sale of agriculture land

Hi Pankaj, We have sold agriculture ancestor land and earned long term capital gain. Please suggest all the ways to save tax. I have discussed the matter with my friends & they suggested the following options:- 1. To purchase new agricu...

section-54b section-54f section-54ec agricultural-land long-term-gains income-tax

0 votes

1 answers

3112 views

suren 41

• asked Jan 25, 2012

Which online method should be chosen for mutual fund

Hello sir, Which online method should be chosen I have online trading account in karvy. Advantage 1. can be trusted 2. Trading can be done. Disadvantage 1. charges on buying and selling funds 2. UI is not that much good. I went through fund...

fundsindia moneysights online-purchase mutual-fund

0 votes

2 answers

2179 views

rajendra_n 1

• asked Jan 25, 2012

Term insurance which one to select?

Dear Pankaj Last year I purchased Aegon Religare, online Term insurance for Rs. 75 L, and I am planning additional 50L cover. I have two questions, whether its worth continuing with Religare, at least I felt their approach was very professi...

aegon-religare protection-plan claim-settlement term-insurance life-insurance

0 votes

1 answers

1956 views

rakeshagarwal 1

• asked Jan 25, 2012

Query for Effect of DTC on LTCG

Pankajji thanks for your reply regarding my query on LTCG. But in your answer effect of DTC which will comes to an w.e.f.01/04/2012 was not reflected. Whether in DTC there is no change in LTCG rules, if yes Plz reply. Secondly, I have made ...

house-property direct-tax-code long-term-gains capital-gains income-tax

0 votes

1 answers

1532 views

rakeshagarwal 1

• asked Jan 24, 2012

LTCG ON SALE OF PROPERTY

Dear Pankajji, My query is regarding Long Term capital Gain: Sita-Grand mother Rita-Mother Rajiv-Rita’s son Rita inherited a plot of land after expire of her mother sita , land comes under municipality. Rita Gifted the entire plot of land i...

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

0 votes

1 answers

3179 views

little john 1

• asked Jan 22, 2012

Tax Consolidation Sheet

Hi, Pls let me knw hw much tax will be deducted for the below proofs for FY 2011/12: 1. Basic:10581 2. HRA: 4232 3. Conveyance: 800 4. Other Fixed Allowance: 10840 5. PF: 1270 6. Professional Tax: 182 My Investment Proof for 2011-2012: Edu ...

tax-deduction provident-fund income-tax-calculator house-rent income-tax life-insurance

0 votes

1 answers

1290 views

sanober 1

• asked Jan 22, 2012

Gift to parent

Hi Pankaj, I want to gift sum amount to my parent as gift. What are the tax implication for both of us as they are not senior citizen but retired. In addition other then gift deed what other charges will i have to bear?

gift-to-parents gift-tax gift-deed income-tax

0 votes

1 answers

1602 views

sanober 1

• asked Jan 22, 2012

tax on loss of Letout house property

Hi Pankaj, I have bought a flat in lonavala but i live in mumbai with my parents, This year i have paid 2.5 lac as interest to the bank out of which I have shown 1.5 lacs as interest. Can you guide me how can I show balance 1 lac interest +...

rented-property home-loan-interest income-tax

0 votes

1 answers

1688 views