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

dhatchayanim 1

• asked Jan 1, 2013

hra exempt

I own a house in Mumbai which is rented and stay in chennai on rental basis and work here 1. can I claim principal exemption u/s 80c, 2. Interest exemption for the emi paid 3. HRA for the rent paid in chennai

home-loan-principal hra-exemption home-loan-interest section-80c tax-deduction

0 votes

1 answers

1311 views

ashvin28 5

• asked Jan 1, 2013

Tax on money given by Father

Hi Pankaj, I have purchased residential flat in Ahmedabad. Now I am going to take Rs. 5,00,000 from my father through online bank to bank transfer for payment to builder. So is this money will be taxable to me? Thanks, Ashvin D

gift-from-father residential-flat income-tax

0 votes

1 answers

1063 views

kishorecs 1

• asked Dec 29, 2012

tax deducted at source

sir, my dept has deducted tax and has issued form 16 for the financial year 2008-09, returns have been filed before due date,i am due for refund 31,000/-. deducted tax is not reflected fully in 26 AS form, some quarters are missing. departm...

tax-demand form-26as income-tax-refund form-16

0 votes

1 answers

1012 views

mdoomar 1

• asked Dec 29, 2012

House Rent for Parents

Hi I am married and currently staying with my parents. Since my father is retires, my earnings & contributions are the only source of income. Can a part of my monthly contribution given to my parents, be considered as 'Rent', and thus b...

rent-to-father hra-exemption house-rent-allowance residential-property

0 votes

1 answers

1040 views

Sank 1

• asked Dec 28, 2012

Section 80DD

My father who is around 78 years old, has got a chronic, serious Hearing Impairment i.e. 76% on the Left side of the Ear and 75% on the Right ear. My question is Whether I can claim the deduction of Rs.50,000/- under Section 80DD? Whether t...

medical-certificate section-80dd tax-deduction

0 votes

1 answers

1642 views