Ganesh246 1

• asked Jan 5, 2013

Capital Gains tax exemption

Dear Sir/Madam, My father had purchased a flat 30 years ago and this was transfered to my name in April 2008. My father passed away in October 2008. This property was sold recently for 57 lacs. It was split as 70% plus 30% share as per the ...

ancestral-property long-term-gain capital-gains income-tax

0 votes

1 answers

1353 views

mdoomar 1

• asked Jan 4, 2013

LIC Tax coverage

I had purchased an LIC Jeevan Tarang policy in the financial year 2011~2012, and had paid a one time amount of 1,08,000(life time coverage). Can i use the same policy for tax exemption for this financial year also?.I had done this as i had ...

lic-jeevan-tarang one-time-payment single-premium-policy tax-exemption life-insurance

0 votes

1 answers

1030 views

Promod 1

• asked Jan 3, 2013

Tax exemption on serrvant Salary

is there any provision for getting tax exemption if one is paying servant salary of more than 5000 a month?

servant-salary tax-exemption

0 votes

1 answers

802 views

katti 1

• asked Jan 3, 2013

Can I claim LTA for multi-city travel?

Hi, I have travelled from say A->B; then B->C and finally C->A. I have train tkts for all the above journeys. Can I claim LTA for such a travel? Also, say my LTA limit is 10,000. And A->B fare is 5000; B->C is 2000; C->A i...

lta-exemption income-tax-exemption leave-travel-allowance

0 votes

1 answers

2013 views

Madhusudan 1

• asked Jan 3, 2013

LTA,Medical not declared in salary structure - can I claim exmpetion under Special allowance?

Hi, I had not declared the LTA,medical in salary structure in the begining of April 2012.Now I have travelled on vacation,paid some medical bills.Now the employer says,I cannot claim the expemtion for the same now but cab be claimed while f...

lta-claim tax-exemption leave-travel-allowance

0 votes

1 answers

2698 views

ashvin28 5

• asked Jan 2, 2013

Short Term Capital Gain on F&O and Mutual Fund

Hi Pankaj, This year I had LOSS of Rs.50,000 in F&O trading and short term Mutual Fund profit Rs. 89,000. So I will have to pay my short term capital gain on 89000? or 39000(89000-50000)? Also what % tax I will have to Pay on short term...

mutual-fund-profit future-and-options short-term-capital-gain

0 votes

1 answers

1512 views

rakesh7 11

• asked Jan 2, 2013

term insurance

Hi Pankaj, I want to take a term insurance. Currently I am 24 years of age. My Annual salary: 3,75,000. Suggest me the best term insurance plan. How many years do I need to take it for? Do I need to take any additional rider benefits? If so...

online-term-plans best-life-insurance hdfc-insurance icici-icare term-insurance

0 votes

1 answers

887 views

SocialFinanceQA 1

• asked Jan 2, 2013

Reg. LTC- u/s 10 Income tax

My firm does not have LTA as a component in CTC. Whether I can claim exemption u/s 10 of IT act for my travel during the block year?

lta-component tax-exemption leave-travel-allowance

0 votes

1 answers

857 views

manisha 1

• asked Jan 2, 2013

capital gain advice and investment in joint property with son in law

My parents who are old and retired have now sold their only property (Independent house) and wish to invest this money to purchase a property jointly with my husband (their son in law) as they wish to stay with us now. The property is 20 yr...

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

0 votes

1 answers

1176 views

vignesh 946

• asked Jan 1, 2013

Regarding the Tax free bonds vs annuity a small comparison

Dear Pankaj, A very Happy new year!!! I start the new year with a basic doubt Goal: Regular income every year like a passive asset(It is not like the monthly expenses will be covered once the interest from the tax free bonds come,they any h...

regular-income tax-free-bonds annuity-plans retirement-corpus

0 votes

1 answers

898 views