prozacace143 1

• asked Jul 3, 2011

ECNR till 24

Sir, My current passport reads "ECNR till dependent minor reaches the age of 24." Assuming that I will be going to a relevant country, should I now apply for an ECNR stamp, given that I just completed my 24th birthday? Thank You Jithin

ecnr

0 votes

1 answers

986 views

Amier Hamsa 1

• asked Jul 3, 2011

Are income from fixed maturity plan of MFs invested by NRIs taxable under DTC?

Are income from fixed maturity plan of MFs invested by NRIs taxable under DTC?

fmp fixed-maturity-plan non-resident-indian nri income-tax

0 votes

1 answers

2477 views

Amier Hamsa 1

• asked Jul 3, 2011

Are NRIs investment on Fixed Maturity Plans and debt funds of MFs taxable under direct tax code?

What is the tax implication under DTC for NRIs who gained income both short term and long term under Fixed Maturity Plan (FMP) or non equity investment (debt funds) ? What is the present tax structure?

non-resident-indian short-term-gain nri direct-tax-code long-term-gains

0 votes

1 answers

2081 views

NAVSHAKTI 1

• asked Jul 2, 2011

''STEPS INVOLVED IN CLAIMING REFUND''

ANSWER: ''In this case, its actual customer’s responsibility to provide PAN card to bank. They are just following RBI rules, to deduct flat tax in case PAN is not provided. You should file a return for your mother and IT department will iss...

income-tax-refund income-tax-return

0 votes

1 answers

1021 views

NAVSHAKTI 1

• asked Jul 2, 2011

''Proceedure for filing returns,(Tax deducted because of no PAN)----ITO WD(4),Thane.''

This is for my mother who is 77 years of age,unemployed and has a Fixed deposit account in a reputed Bank. She received a letter from the Bank H.O stating that a tax of ''2000+ Rs.'' was deducted as the said office did not have her PAN numb...

form-15h pan-card fixed-deposit senior-citizen tds income-tax

0 votes

1 answers

1607 views

ashokdas19810409 1

• asked Jul 1, 2011

tax saving

Hi Mr. Pankaj I am a salaried person and i am paying tax of Rs 3934 PM. Now i am palnning for investment of total 45600 in LIC and 35000 in NSC and my EPF of 23904 Yearly. What will be my tax savings do i calculate the tax savings and how d...

nsc provident-fund tax-saving income-tax epf insurance

0 votes

1 answers

2020 views

sriraman2011 1

• asked Jul 1, 2011

buying and selling land using cash

Hi, I bought a land (plot) in March 2007 for Rs4,50,000. The buyer insisted on cash payment and the registration was also done as per circle rates (Rs40,000) which was very less. I paid by white money (withdrawn from bank) to him all the Rs...

cash-transaction circle-rate residential-plot capital-gains income-tax

0 votes

1 answers

1741 views

jaswal_2006 1

• asked Jul 1, 2011

LTCG on sale of land.

Dear Pankaj ji, I had purchased of a residential plot in the year 1997 which cost 1.29 lakh. Now I am planning to sell the same for 9.25 lakh during current year.If i purchase residential property within two years of sale, am I required to ...

residential-plot long-term-gains capital-gains ltcg income-tax

0 votes

1 answers

2105 views

ami 1

• asked Jul 1, 2011

capital gain exemption under section 54 F

1) Mr A has sold his inherited jwellery on 18th December 2010. The Capital Gain LTCG is Rs RS 13 Lakhs 2) He Wants to buy Residential House for Rs 25 Lakhs ( Flat ) The Flat is under construction and will be ready by November 2013 3) The Bu...

jewellery-sale residential-house capital-gains income-tax

0 votes

1 answers

2206 views

Social Finance 1

• asked Jun 30, 2011

How to get rid of income tax after selling a property e,g, flat...

Hi Pankaj, Glad to see an expert advice and in detailed too. I will like to have your advice on the below mentioned case:- I had bought a flat in month of July 2006 for Rs 990000/= on my son’s name and my name. Same has been sold for Rs 220...

cii capital-gains-tax residential-property long-term-gains income-tax

0 votes

1 answers

1533 views