Amit91 196

• asked Jul 20, 2011

tax on partial withdrawl from Life Insurance ULIP

Dear Pankaj I had taken Icici prudential life time plan in 2003 (Life Insurance, ULIP). Its lock-in period was three years. I did a partial withdrawl (around 90% of net value) in 2010 and paid the money towards my second home loan. Is this ...

surrender-value ulip income-tax life-insurance

0 votes

1 answers

2546 views

Amit91 196

• asked Jul 20, 2011

Tax and donation

Dear Pankaj I donated 20K in the last financial year to ISKON temple. My receipt shows that this donated amount can be used to claim tax benefit. Can the entire donated amount be used to claim the tax benefit? Regards, Vishal

section-80g donation iskcon-temple tax-deduction income-tax

0 votes

1 answers

3911 views

Amit91 196

• asked Jul 20, 2011

Tax on pension plan surrender

Dear Pankaj I have one more related query. I had taken a icici prudential pension plan in 2003. This plan I surrendered in 2010 and got the money. Will this amount be taxable? Regards, Vishal

surrender-value bonus 80ccc pension-plan interest income-tax

0 votes

1 answers

3223 views

aswalanurag 1

• asked Jul 20, 2011

PF withdrwal to be taxed in year of reciept or accrual basis ?

Hi Pankaj, First of all, accept my appreciations for the wonderful work you are doing. I applied for PF withdrwal from my past Co. in October 2010 but finally recived the same in April 2011 after TDS deduction. Now should I consider this in...

income-tax-return tds epf-withdrawal income-tax

0 votes

1 answers

2933 views

bhoodhar 1

• asked Jul 19, 2011

Purchase of new house property.

*I have purchased new flat in pune. The flat is purchased jointly with my son my spouse and me.WE three are owner of the property.We are all salaried person.Housing laon is availed by my son and his mother is co-applicant.As salary of my so...

co-applicant joint-owner residential-property home-loan income-tax

0 votes

1 answers

1259 views

Krishnakumar Rao 1

• asked Jul 19, 2011

Capital Gains

Greetings! I am about to sell an apartment (it is 25 years old property and I am the first owner) in Chennai city. I bought it for about Rs 4.2 Lakhs and am lkely to get about Rs 60 to 64 lakhs. Roughly what will be the capital gains value ...

residential-property long-term-gains section-54 capital-gains income-tax

0 votes

1 answers

1473 views

sivakumar 1

• asked Jul 18, 2011

selling an agriculture land within 8 kms from corporation limit?

hello sir, i sold my agriculture land,and from that money a portion was spent to jewlley & purchased a agriculture land and rest i want to deposit in bank as FD n enjoy the interest ,now i heard that my land is less than 8 km s from cor...

section-54b section-54f section-54ec agricultural-land capital-gains income-tax

0 votes

1 answers

2466 views

guru 1

• asked Jul 18, 2011

cibil problems

my friend started a transport business a few years back. i was signed as a gauranter for his car. He purchhased his car on instalments. Few months back.. I came to know that he stop paying his instalments. due to this the company give my na...

cibil-report credit-score guarantor defaulter-list car-loan emi

0 votes

1 answers

1947 views

Parvinder 1

• asked Jul 18, 2011

Difference Btwn Growth nd Dividend Re-investment Options

Difference btwn Growth Option and Dividend Re investement Option?and ur view on which is d best option??

dividend-reinvestment growth dividend mutual-fund

0 votes

1 answers

1410 views

A9S6 66

• asked Jul 18, 2011

How to calculate tax on EPF withdrawal

How can one calculate the tax on EPF withdrawal (less than 5 years of continuous service)? I think the calculation involves: Taking the total sum of YOUR contribution that went into 80C investment for all the years (Y1 + Y2 +...) and includ...

tax-calculation epf-withdrawal income-tax

0 votes

1 answers

24493 views