silverrobin 1

• asked Oct 21, 2011

Can you buy land and then construct to save LTCG tax

Respected Sir, My father has sold a resedential plot for 50L which he had purchased for 10L after 15 yrs.He had booked another plot from a builder a year ago . Instalments are being paid for the plot and possession is expected in a year and...

section-54f residential-plot long-term-gains capital-gains

0 votes

1 answers

1351 views

Gaurav 1

• asked Oct 20, 2011

Investments in Mutual Funds

Hi Pankaj ! I have two LIC money back policies having a combine prm of Rs.30591/year. Now i want to invest in mutual funds (Rs.2000-2500/month). I am thinking of investing in HDFC Top200(SIP) or DSPB Rock. Please suggest me which of the abo...

insurance-policy hdfc-top-200 mutual-fund investment

0 votes

2 answers

1520 views

Jaitly 1

• asked Oct 20, 2011

Capital Gain Bonds

Dear Mr Pankaj Batra, Thanks for all the guidance given on various issues projected by me earlier. Now I want to invest in bonds for saving Income Tax. Can you throw some light on what are the bonds available and its advantages so that I ca...

section-80ccf infrastructure-bonds tax-saving-bonds tax-saving income-tax

0 votes

1 answers

981 views

Siddhartha Sarkar 1

• asked Oct 19, 2011

Income Tax Computation for Employees working in Partnership firm

dear Sir I want to know if the the employees / retainers as most of them are known as: working in a Law firm which is on partnership basis, do fall under the normal tax bracket as anyother employee does, of a normal Company registered under...

consultant-income partnership-firm income-tax

0 votes

1 answers

1223 views

manojkumar_5 1

• asked Oct 18, 2011

LTCG on house property

Hi Sir, I purchased a flat in 2006 for Rs 13 lakhs (Agreement Value) and got in registered for only Rs 9 lakhs only( Circle Value or Government Value). Now i have sold this flat in oct 2011 for Rs 24 lakhs(Agreement value ),The Registered v...

agreement-value registered-value residential-flat circle-rate long-term-gains section-54

0 votes

1 answers

1406 views

PRM 1

• asked Oct 18, 2011

Gratuity in new pension system for bank employee

I am a natinalised bank employe and join in 2011, in NPS the Gratuity is available or not..?

bank-employee gratuity new-pension-scheme nps

0 votes

1 answers

1872 views

vignesh 946

• asked Oct 17, 2011

Financial planning

Hi pankaj I.Canara Robeco Equity Tax Saver- growth fund age is 3 yrs only from its inception. with its dividend option has provided good retrns over the past 5 yrs can i put my money on that? II.Can i invest more than what i earn? say (I am...

gold-etf financial-planning mutual-fund investment income-tax

0 votes

1 answers

2347 views

Mayur Thacker 1

• asked Oct 17, 2011

Gift Tax on Transaction

My father in law wants to gift amount to my wife, i have following queries : 1. Is there a limit on amount and no of transaction in a year? 2. Does this need to be via cheque always? 3. Does this require any agreement sort of document ? 4. ...

gift-tax gift-deed income-tax

0 votes

1 answers

1410 views

vmuruganandham 1

• asked Oct 16, 2011

Difference between SBI PPF & post office PPF

I would like to open a PPF account. What is the difference between State Bank of India offering PPF account & Post office based ppf account?

ppf-account public-provident-fund post-office state-bank

0 votes

2 answers

25100 views

Zahir 1

• asked Oct 15, 2011

Can Income tax exemption be sought on prepayment of home loan with the profit gained from sale of another flat?

Hi Pankaj, I have purchased a flat in pune for 50 lac in oct 2011. Out of which 40 lac is my loan amount. Though this flat is ready for possession, I have not yet taken its possession from builder. I owe another flat(which I had bought and ...

long-term-gains section-54 capital-gains home-loan income-tax

0 votes

1 answers

3521 views