Sumita Sinha 1

• asked Oct 25, 2013

Want knowledge on NPS (New Pension Scheme)

Hi Pankaj, At age of 30, I open my NPS(New Pension Scheme) account in the bank and keep on depositing Rs.500/- per month every year till the age of 60years. And at the end of 60 years I would invest around Rs.1,80,000/-. Then how will it be...

national-pension-system pension-amount new-pension-scheme nps

0 votes

1 answers

1269 views

Sumita Sinha 1

• asked Oct 25, 2013

Want to invest in Mutual Funds

Hi Pankaj, I want to invest my monthly income in mutual fund scheme. I have a following basic needs: 1) Periodically I can invest Rs.1000 to Rs.5000/- on monthly basis. 2) Duration should be short term (min 1 to 3 yrs) 3) It may or may not ...

short-term-investment mutual-funds debt-mutual-fund fixed-maturity-plan

0 votes

1 answers

1340 views

AJAY_31 1

• asked Oct 24, 2013

ECNR Stamp Check for passport issued in year 2006

Hello, Queries, My passport was issued in the year Sep-2006. I don't see any ECR / ECNR stamp in my passport. Now I have to travel Qatar for a business trip. Do I need to apply for a ECNR stamp? If I have to apply ECNR stamp, can you please...

qatar-visa ecnr-stamp emigration-check

0 votes

1 answers

1766 views

Anish 1

• asked Oct 20, 2013

procedure of money transfer from india to USA

Dear Sir, Namaste! I am an NRI, doing job & residing in USA. I have ancestral agricultural lands in India which is being taken care of by my brother & father. Now I want to purchase a home in USA & my father & brother wish t...

liberalised-remittance rbi abroad-remittance rbi-remittance-scheme

0 votes

1 answers

670 views

vishwa 1

• asked Oct 19, 2013

ECR stamp in passport

Hi Pankaj, I have got ECR stamp in passport though I have completed my engineering. Now I am about to travel to San Francisco, California next week. Do I need to get any emigration clearance from POE before my travel to avoid any problem du...

emigration-clearance work-visa usa-visa ecr-stamp

0 votes

1 answers

1374 views

Freelancer 1

• asked Oct 16, 2013

Any income tax rebate for freelancers from India who purchase National savings certificate

Hi, I am a freelancer working from the past 5 years for an Indian company. I used to get my salary by hand and not through a bank account and so after getting rid of all my expenses, i used to drop the remaining cash in my savings account. ...

income-tax-rebate professional-income freelancer section-80c income-tax

0 votes

1 answers

1793 views

Anil Gupta 6

• asked Oct 15, 2013

How to avail LTCG Exemption of more than 50 Lacs u/s 54EC in a FY?

I sold a land in March 2012 and as a result had LTCG of Rs. 65.5 lacs. To save CG tax, I purchased NHAI-bonds of Rs. 50 lacs in March, 2012, and of Rs. 15.5 lacs in April, 2012. In the income-tax return of FY 2011-12 (AY 2012-13), I claimed...

nhai-bonds section-54ec long-term-gains capital-gains

0 votes

3 answers

2246 views

VIKAS SINGHAL 186

• asked Oct 15, 2013

Tax on rental income

Sir, I want to pay income tax on rent received, please advise how to pay / mention rental income in income tax form. Whether I shall show the full amount or the balance amount after deducting 30% on account of maintenance. I am getting Rs 8...

rental-income home-loan income-tax

0 votes

1 answers

971 views

rajivphil 1

• asked Oct 9, 2013

ECR on spouse passport

Hi Pankaj, I am working in Malaysia on a valid work permit, I have sponspored a dependant visa for my wife for malaysia, she is having a ECR stamp on her passport, will she require a ECNR for a dependant visa to fly to malayisa?

emigration-clearance malaysia-visa ecr-stamp

0 votes

1 answers

2128 views

Shikhapannala 1

• asked Sep 28, 2013

Tax liability for shares investment

I invested about 70000 from my household savings and have no income of my own. I lost heavily in intraday trading done by stock broker without my knowledge transaction shown turnover of more than I crore in it. how to show this in my tax re...

business-turnover stock-trading intraday-trading income-tax-return

0 votes

1 answers

1134 views