Singh874 1

• asked Jan 26, 2013

Best option amongst the avaialble options

Hello, Mr. Pankaj. Here is a brief of my case. My queries are at the end. Property A: I have this joint ancestral property with my mother, namely a flat, since 2-3-2005 which is being used by my sister for residence purpose. I plan to retai...

long-term-capital-gains ancestral-property plot-sale section-54f

0 votes

1 answers

1028 views

mdoomar 1

• asked Jan 25, 2013

LIC Jeevan Tarang- Reutrn of Interest

I have taken a Jeevan Tarang policy from LIC. I have paid a one time investment amount of 108000/. For some reasons i have decided to close this investment. In the policy document, it states that a 10% charge is applicable if policy is prec...

lic-jeevan-tarang single-premium-policy endowment-plan life-insurance

0 votes

1 answers

1697 views

HRIM 1

• asked Jan 24, 2013

Petrol expense reimbursement

Sir, One employee availed conveyance allowance exemption of Rs.800/- from April-December 2012. He bought a Car on January 2013, so he is asking for car expense reimbursement of 1800/- for Jan-Mar 2013, as we have that component in our salar...

petrol-reimbursement salary-components car-reimbursement conveyance-allowance tax-exemption

0 votes

1 answers

2385 views

SantS 1

• asked Jan 24, 2013

Term Insurance Plan - Online

Hi Pankaj, I want to buy one term insurance plan. Got an info that Aviva I-Life term plan is best among all other plans exist in the market. Before buying and doing investment I would like to get your opinion on it. Would you please suggest...

term-plan online-term-insurance term-insurance life-insurance

0 votes

1 answers

1085 views

rkanesan 1

• asked Jan 24, 2013

Leave travel allowance tax exemption

Dear Batraji, I need a information about Leave travel allowance exemption. I had claimed LTA for the year 2010 & 2011 cumalatively on year 2011 and the total LTA amount has been tax exempted after submitting the bills. Now again I had t...

lta-exemption lta-block tax-exemption leave-travel-allowance

0 votes

1 answers

1562 views

Imtiaz Ahmed 1

• asked Jan 24, 2013

Income_Tax_Calculator_2011-12.xls

What is the password to un-protect the sheet to enter the total income etc.?

total-income tax-deduction income-tax-calculator income-tax

0 votes

1 answers

1186 views

Ash 1

• asked Jan 23, 2013

Do I need indemnity Bond ? Not sure whether account dormant.

Hi, My EPF started in August 2008 and continued till Dec 2011 (3 years, 4 months). After that, I moved out of India and there has been no PF contribution from Dec 2011 to present (12 months). So total time I have had EPF account is 4 years ...

indemnity-bond tax-deduction epf-withdrawal income-tax

0 votes

1 answers

2031 views

Rajib R 1

• asked Jan 22, 2013

Healthcare Insurance for Sr. Citizens

My mother is 63 years old (born on 01.01.1950). I have a Healthcare Policy from Oriental Insurance for her as well as for me (Family mediclaim) of Rs. One lakh coverage each. But in my opinion it is not sufficient. For that reason, I tried ...

existing-diseases healthcare-policy medical-insurance health-insurance senior-citizen

0 votes

1 answers

1684 views

Siddhartha 1

• asked Jan 21, 2013

Capital gain on Transfer of property

Recently, I have sold (transferred) one property...I gained around 20 Lacs....I sold this property after 4 years of signing Buyer's agreement...Does this amount come under long term capital gain or short term capital gain? If it comes under...

short-term-gains long-term-gains section-54 capital-gains income-tax

0 votes

1 answers

1160 views

COL ASHOK 1

• asked Jan 21, 2013

TAX EXEMPTION ON HOUSE RENT

Dear Mr Batra, Kindly let me know what exemption is available on House Rent paid. Does it fall within the Sec 80 C limit of Rs 1,00,000.00 Thanks Col Ashok Koul

section-80gg tax-exemption house-rent income-tax

0 votes

1 answers

2545 views